{"id":9131,"date":"2012-04-04T09:12:29","date_gmt":"2012-04-04T07:12:29","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=9131"},"modified":"2012-04-04T09:13:37","modified_gmt":"2012-04-04T07:13:37","slug":"yahoo-to-shed-up-to-2000-jobs","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/9131\/yahoo-to-shed-up-to-2000-jobs\/","title":{"rendered":"Yahoo to shed up to 2,000 jobs"},"content":{"rendered":"<p><a title=\"Yahoo Inc\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/363118-Yahoo\">Yahoo Inc<\/a> was to announce Wednesday that it would cut up to 2,000 jobs as the internet pioneer faces declining revenues and increasing competition, a news report said.<\/p>\n<p>The jobs cuts were the tip of the iceberg with more cutbacks to come in the coming months, the Dow Jones &amp; Co Inc-owned industry news blog All Things Digital reported, citing sources close to the situation.<\/p>\n<p>Yahoo had about 14,000 employees at the end of last year after several previous rounds of job cuts.<\/p>\n<p>Revenues, mainly from advertising, have been falling for several years as the company has lost market share to competition from <a title=\"Google Inc\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/314567-Google\">Google Inc<\/a> and <a title=\"Facebook Inc\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/348566-Facebook\">Facebook Inc<\/a>.<\/p>\n<p>Last autumn, chief executive <a title=\"Carol Bartz\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/363734-Carol-Bartz\">Carol Bartz<\/a> was fired after two years at the helm. Former <a title=\"eBay Inc\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/360842-eBay\">eBay Inc<\/a> manager <a title=\"Scott Thompson\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/393399-Scott-Thompson\">Scott Thompson<\/a> is currently in charge and tasked with turning the company&#8217;s fortunes around.<\/p>\n<p>One of his first moves was to sue Facebook for patent infringement. The online social-networking site answered on Tuesday with a lawsuit of its own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo Inc was to announce Wednesday that it would cut up to 2,000 jobs as the internet pioneer faces declining revenues and increasing competition<\/p>\n","protected":false},"author":13,"featured_media":989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,2233,803,45,53,177,147],"class_list":["post-9131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-carol-bartz","tag-ebay","tag-facebook","tag-google","tag-scott-thompson","tag-yahoo"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=9131"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9131\/revisions"}],"predecessor-version":[{"id":9134,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/9131\/revisions\/9134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/989"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=9131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=9131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=9131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}