Yahoo! Poised To Whack 1000 Workers

Ugh — say it isn’t so! On the heels that its profits have slipped by 23% in the fourth quarter, internet giant Yahoo! is ready to pink-slip as many as 1000 employees to help restore financial order.

Before anyone begins to think that Yahoo! is losing money, they aren’t. Profits for the fourth quarter were $206 million compared to $269 million for the same period a year earlier. The Big Y! is reacting to a loss in profits and is not losing money overall — ignore the pundits who are saying that the company is losing money as they are simply making less of it.

Welcome to the working world of today — if profits are down, you react and kick your talent to the curb instead of leveraging your “resources” and moving forward.

I am so glad that I am self-employed.