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A few days ago, Google released their financial results which showed that this small business was not aware of the crisis, with profits of 1.3 billion dollars for a turnover of 5.54 billion, an increase of 31 per cent in one year.

A few hours later, it was the turn of Yahoo! to announce its results with a net profit of 54.3 million dollars, while it was 151 million twelve months earlier ... Result: Yahoo! should dismiss 10 per cent of its global workforce, or 1 500 posts, after the thousands already conducted earlier this year. It is not yet known what areas/ services and which countries will be affected first.

Yahoo! hopes though to make savings of 400 million dollars and hold up the serious crisis they are going through. Will that be enough for the portal and their CEO Jerry Yang ( photo below )? We hope for them ...

Image source: Yahoo!

See more:
http://info.yahoo.com/

Source(s):
Yahoo! Reports Third Quarter 2008 Financial Results (Yahoo!)
Google Announces Third Quarter 2008 Results (Google)

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Published: 6:02 PM -

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