I wrote about Google’s third quarter results last week, and yesterday Yahoo released theirs. While their revenues are up as compared to the third quarter of 2007, Yahoo will be moving forward with layoffs.
In Q3 of 2007 revenues at Yahoo were a reported $1.768 billion. In the same quarter for 2008 they are seeing a figure of $1.786 billion – up about $22 million. As a percentage, this is very small, but growth none the less.
During the Q3 announcement Yahoo noted that it would be cutting 10% of its headcount, but would continue future hiring in developing countries where salaries are lower.