For all of Stanley Bing's columns on TheStreet.com, click here.Today Yahoo! ( YHOO) reported its earnings, which beat Street estimates. As far as earnings go, they were pretty typical of today, actually better than some. The company had earnings, for example. More than people thought it would, actually. On the other hand, profit was down from last year as revenue fell in the first quarter. Of course it did. Whose didn't? As quarters go, the first was a stinker. Nobody has anything very good to say about it. I guess the best thing is that it's over, and that the second quarter doesn't seem to be quite so bad. Like, we're still a very sick person, but the guy at the foot of the bed isn't chanting in Latin anymore, at least right now. Maybe he's just on a smoke break, but that's something. The thing that caught my eye was the way the company linked its earnings news to an announcement. Again, this is nothing new. Companies often tie their earnings calls into exciting new developments that just might keep analysts entertained and delighted while they're peering at their GAAP situation. So to delight Wall Street, the firm also announced that it would be cutting 5% of its workforce. It's a pretty dramatic example of why companies do these kinds of things. They make a choice. They can think about their employees, who are beaten about the head and ears every day with bad news and already are quivering like jellyfish about their jobs.
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