Job losses looming at Yahoo as profits fall

THE impact of impending job cuts at Yahoo upon workers at its Dublin European base remained unclear last night as the company did little to contradict speculation that hundreds if not thousands of jobs are to be lost worldwide.

Experts have been predicting for several weeks that large-scale redundancies are on the cards at Yahoo in light of its slow revenue growth and the popularity of rival social networking websites.

It has reported seven straight quarters of declining profits, losing internet-search users to Google and facing competition from MySpace and Facebook.