IIPM Ranked No. 1 B-School In Global Exposre - Zee...
Firing is just a short-term solution
Wall Street isn't happy with Yahoo! and it's financials are to be blamed. Yahoo!'s net income during the third quarter fell to $54.3 million or 4 cents per share, marking a fall of 64.11% as compared to the same period a year back. And why should this be a rude shock to Wall Streeters? Well, even in the face of the current downturn, analysts had predicted that the IT major would return profits of 8 cents per share! So is Yahoo! planning a revival act?
The company announced its intentions to cut at least another 10% of its 15,000-strong global work force, therefore reduce its annual expense for 2008 by $400 million. It's macro-plan also includes selling-off real estate assets and moving employees to low-cost areas such as Eastern-Europe & Asia. Radical cuts alright, but do these steps also threaten to harm Yahoo!'s competitiveness?
Let's understand the reason behind the slump in Yahoo!'s bottomline. Inflated costs wasn't the problem; trouble was on the revenue front, and the reduction in big-ticket corporate advertisements on its websites across all of US, Europe and Asia is to be blamed. What makes the picture more dreadful is the fact that these job cuts would damage Yahoo!'s competitiveness as Jeff Kagan, IT Analyst agrees, “Yahoo should reinvent itself with better software and newer ideas that work better and easier and not cut talent.” Thus clearly, this is a tough time for Yahoo! and the others in the IT ranks. But simple cost-cutting guarantees no bright bottomline, or sustained online future!
Neha Saraiya
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
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Firing is just a short-term solution
Wall Street isn't happy with Yahoo! and it's financials are to be blamed. Yahoo!'s net income during the third quarter fell to $54.3 million or 4 cents per share, marking a fall of 64.11% as compared to the same period a year back. And why should this be a rude shock to Wall Streeters? Well, even in the face of the current downturn, analysts had predicted that the IT major would return profits of 8 cents per share! So is Yahoo! planning a revival act?The company announced its intentions to cut at least another 10% of its 15,000-strong global work force, therefore reduce its annual expense for 2008 by $400 million. It's macro-plan also includes selling-off real estate assets and moving employees to low-cost areas such as Eastern-Europe & Asia. Radical cuts alright, but do these steps also threaten to harm Yahoo!'s competitiveness?
Let's understand the reason behind the slump in Yahoo!'s bottomline. Inflated costs wasn't the problem; trouble was on the revenue front, and the reduction in big-ticket corporate advertisements on its websites across all of US, Europe and Asia is to be blamed. What makes the picture more dreadful is the fact that these job cuts would damage Yahoo!'s competitiveness as Jeff Kagan, IT Analyst agrees, “Yahoo should reinvent itself with better software and newer ideas that work better and easier and not cut talent.” Thus clearly, this is a tough time for Yahoo! and the others in the IT ranks. But simple cost-cutting guarantees no bright bottomline, or sustained online future!
Neha Saraiya
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
