Yahoo shedding workers as Google adds lots more

Two Internet-based companies with eyes on the TV space are going in seemingly very different directions. Yahoo! (Nasdaq: YHOO) has shown lackluster results and announced that it's cutting 140 more employees from its payroll, just a month after it let 600 workers go. Things are going in the exact opposite direction at Google (Nasdaq: GOOG) which is planning a record hiring year by bringing in more than 6,000 new people. Last year Google added about 4,500.

Yahoo's "personnel changes" will help position the company "for revenue growth and margin expansion," a company statement said. "We'll continue to hire on a global basis to support our key priorities."

Google's priorities include Google Voice, an all-Web PC operating system and robot cars. The search engine is "looking for top talent--across the board and around the globe--and we'll hire as many smart, creative people as we can to tackle some of the toughest challenges in computer science," wrote Alan Eustace, vice president of engineering and research on a company blog.

For more:
- the New York Times has this blog post
- CNNMoney.com has this story

Related articles:
Yahoo exec exodus continues as mobile head Katz departs
Disney looks to Yahoo! Connected TV to further test Web TV market
IDC: Google now controls 59% of U.S. mobile ad market
Be very afraid: Google mulling YouTube TV network

Suggested Articles

Effectv is launching Mnemonic, a full-service creative agency and a self-service creative portal through Effectv Ad Planner.

MobiTV is partnering with Telia Carrier to give its pay TV customers better streaming video app performance through direct access to data centers.

WarnerMedia still needs to get its traditional HBO distributors on board.