Yahoo! has confirmed that its revenues and profits will continue to
slide this year and has axed 400 jobs. Susan Decker, the chief financial
officer, said the fall was a result of the bottom falling out of the
internet advertising market, and internet companies slashing their
marketing budgets. The senior vice president of international
operations, Heather Killens, has also left the company, following in the
footsteps of the former chief executive Tim Koogle. First quarter
results showed net losses of pounds 8 million.