Yahoo's UK workers wait for job axe to fall
Yahoo has begun discussing redundancies with its employees in the UK, after the company said it would axe 2,000 jobs around the world.
Yahoo is letting go of 2,000 employees worldwide. Image credit: Yahoo
"With a clear focus on profitability and growth, the company will be disciplined in its investments and radically simplify how it builds, launches and maintains many of its properties and products," Yahoo said. "Today, the company will begin the process of informing employees about these changes."
"As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition," the web firm added.
A Yahoo spokeswoman told ZDNet UK on Thursday that it was impossible to say at this point how many jobs will go in the UK, as the company has only just begun a 30-day employee consultation period.
However, she indicated that Yahoo may still choose to keep the numbers under wraps after that period ends.
Yahoo employees in the UK fulfil a wide range of job functions, so it is also difficult to gauge which types of posts will go here. "All aspects of the business are represented in the UK in one form or another," the spokeswoman said.
The struggling web firm has been under new leadership since January, when former PayPal president Scott Thompson came in. His predecessor, Carol Bartz, was fired by the board last September.
Yahoo's most recent quarterly results, filed in January, showed that the company's revenues and profits continue to dwindle.