Yahoo! freezes! pay!!
Oh! Great!
Posted in Financial News, 26th January 2009 10:51 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
Yahoo! is freezing all staff pay, blaming the tough ad market.
In an email seen by several newswires Yahoo! said: "Based on the current economic environment and our focus on keeping costs in line with revenues, we have decided that providing annual salary increases would not be in the best interests of the company or our shareholders."
Yahoo! said the decision was in line with its ongoing focus on cost cutting. The freeze is expected to last for all of 2009.
The company announced a ten per cent cut in headcount in December - losing 1,500 people.
Yahoo! announces fourth quarter and full year results Tuesday - the first overseen by new CEO Carol Bartz. Tough talking Bartz has been widely praised as just the medicine Yahoo! needs.
It is expected to post a further decline in profits - the third quarter saw a 64 per cent drop in profits as ad sales fell. Several analysts also expect further job losses at the internet giant. ®
Free whitepaper – Migrating to the new Dell Management Console

Automating the Acquisition Process with Enterprise Level CRM
10 Strategies for Choosing a Midmarket ERP Solution
Enabling the Agile Data Center
10 Steps to a Successful CRM Implementation

Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter