Yahoo to close its offices from Christmas through New Year’s to help save money
Thursday, December 24, 2009
Yahoo has decided to close its offices from Christmas through New Year's to help save money. The cost-cutting move ends a year in which Yahoo's revenue declined for the first time since 2001. The company has eliminated about 2,000 jobs and shed other expenses since September 2008.
It's the first time that Yahoo has required most of its 13,200 employees to use vacation time or unpaid leave during the holidays. Only employees performing essential duties will be working from December 25 through January 1, according to the company. [Source: Economic Times]