According to the Wall Street Journal, Yahoo! is shutting down its offices,for about a week, as the company searches for new ways to cut costs during the recession.
Apart from Yahoo! others companies like Adobe and Apple would close its offices from December 24 to January 1.
“Shutting down during a traditionally slow week allows employees to recharge, and the company to reduce operating costs for the week,” Lengkeek said.
Yahoo! has already laid off about 700 people in the spring as cost cutting move.