Microsoft: No massive job cuts in Yahoo takeover

 The software giant Microsoft has rejected fears that a takeover of the Internet company Yahoo could lead to massive job cuts. There will be some overlaps, wrote Microsoft President for Platforms and Services, Kevin Johnson, in an e-mail to employees. However, Microsoft is a growth company and has hired more than 20,000 people since 2005 alone. Capable employees would be accommodated in the new group, and Yahoo's headquarters in Sunnyvale would also be retained. However, he did not commit himself to figures, but the pressure on Yahoo's management is constantly growing. Two further US pension funds have sued the company for acting against the interests of shareholders with its rejection, as reported by SDA on Monday. Another financial company already took the company to court at the beginning of the month.
More than three weeks after Microsoft's takeover bid for Yahoo, the outcome of the tug-of-war is still open. Yahoo had rejected the original offer of just under 45 billion dollars as clearly too low and is looking for alternatives. Microsoft nevertheless wants to push through the plan and thus break the dominance of arch-rival Google in online search and Internet advertising.