Yahoo had spent most of 2008 trying to fend off Microsoft’s acquisition offer, and then it spent most of 2009 trying to prove to shareholders it can still be profitable.
The company cut 2,000 jobs since September 2008 Carl Icahn left the board of directors in October 2009, and despite a search partnership with Microsoft and their new strategy that focuses on the user, Yahoo’s revenue has declined in 2009.
At the very end of this tough year, Yahoo will take another step that should save them a couple of bucks: It’ll close its offices during the holidays, leaving only the absolutely necessary staff on duty – something the company has never done before. With the economy finally showing shy signs of recovery, 2010 promises to be a better year than 2009. Maybe Yahoo, too, will manage to restore its former glory in the years to come.
Tags: Yahoo
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Cheers!…
