Yahoo to axe 5 % of its workforce

In my previous post I had talked about Oracle Acquiring Sun. But it’s not all merry at Yahoo which announced today that it will be axing 5 % of its workforce. Job losses are everywhere but to see the internet Giant do this is a bit disappointing. It just goes to show that you can be very big in your field but when times are bad you are not immune to it.

yahoo

Microsoft Acquires 23% stake in Google

Yes you saw it right. When I too came to know of the news I too was as shocked and surprised as you are right now reading this. Microsoft had called for an urgent press conference at the company headquarters in Redmond, Washington and the press was stupefied to see Steve Ballmer, the CEO of Microsoft and Eric Schmidt, the CEO of internets largest search Engine Company Google sitting next to each other on the dais. This was only the first of the many shocks and there were many more to come.