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2:55 pm PDT October 21, 2008 - Yahoo s third-quarter pay call included reports of layoffs in the next few weeks, a weakening attitude for operations in Europe and Asia, and declaration of a brief delay, in Jerry Yang s words, in the production with Google.

The call ongoing at 2:50 pm PDT indicated that even though client increase records are up and the corporation s new APT publishing stand launched successfully earlier in the quarter, dismal records for the corporation s premium display promotion production are having a significant impact. The corporation reported revenues of 1.786 billion, a one-percent increase year-to-year, but pay fell to 4 cents share over the same stage -- down 7 cents and short of predictions.

5:10 pm PDT October 21, 2008 - Wondering about folks Yahoo layoffs? So are Yahoo employees. Just prior to Tuesday s third-quarter pay call, Boss Jerry Yang sent a message admonition yahoos to expect imminent cuts to at least 10 of its global workforce.

Smarting from the global economic crisis, the amplification dollar, and the Microsoft-courtship fiasco cover against which outlay Yahoo around 37 million , corporation heads Yang, Leader Sue Decker and CFO Blake Jorgensen used conditions like focus, commitment, and -- repeatedly -- confidence.

View the full YHOO plan at Wikinvest

They did not, however, make much use of the terminology great timing. One of the corporation s biggest launches during the last quarter, the APT digital ads platform, launched on September 24 -- right about the moment in time the wheels were seriously coming off the market, and coinciding with a steep decline in premium display trailer revenues. The corporation s adjusted year-over-year increase velocity now rests at 5 , down from 9 in Q2 and 12 at the establishment of the year. Year-to-year revenues were up one percent.

That 37 million outlay to fight off Microsoft s advances was a cause in third-quarter operating takings of 70 million, a 53 year-over-year decrease from 2007. Year-over daytime money flow from operating tricks was down 24 ; free money flow was down 31 .

Still, the executive lineup on the call was positive about APT. Decker also described a 30 increase in clicks on the zenith component in the new front-page design that s rolling out to users, and the corporation claims that aggressive saving measure and streaming the institute across regions would take the corporation through whatever tough time are ahead.

In addition, Yang and Decker both talked up the new profiles.yahoo.com dashboard-style crossing point that self-control let users monitor of all characteristic of their Yahoo social business and, eventually, their business elsewhere online as well.

Earnings-call QA sessions, which take mainly questions from government of speculation houses, tend to be oriented to figures in the records at hand and the records ahead. But a query near the ending of the hour asked what, after rejecting the Microsoft offer, Jerry Yang intends to do to unlock assessment in the corporation now that the hoard outlay is session below 13.

The answer Yang provided -- cut staff, focus, streamline, and so on -- didn t provide much useful data, but it was as close as the occurrence came to addressing impassioned calls for Yang to pace away from the corporation he co-founded.

Yang was a trace more specific in the worker memo, maxim that though saving would meeting point as much as possible on non-headcount matter e.g., travel , the try to reduce the corporation s annualized cut run velocity of approximately 3.9 billion would lead to workers reductions by daytime s ending -- 10 of body or perhaps more. That moving parts out to over 1,400 employees, though it s still well below the records at least one onlooker claims the corporation requests to chop to make cuts work. The corporation hopes to reduce expenditures, of which reparation is their largest, by over 400 million.

YHOO stocks currently stand at 12.78 in after-hours trading, above the daytime s high of 12.74.
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