Yahoo To Cut More Jobs

Yahoo has announced it will cut 700 jobs in a effort to turn the one time internet darling around. Yahoo has been sliding for years and its rejection of a take over offer from Microsoft has only made things worse as both companies are down well below what they were at the time of the offer.

Recently the Yahoo has rallied on more rumors of a partnership with Microsoft. The two would seem to make a natural partnership to rival search industry leader Google. While Yahoo remains a popular site it has suffered from the popularity of not just Google but the social bookmarking sites. Sites like Facebook and Twitter are becoming not just a fad but making there way into the main stream as celebrities become part of the communities and devoting entire shows to this new media.