News

Yahoo To Cut More Than 600 Workers

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

yahoo 385 Yahoo To Cut More Than 600 Workers

Internet portal Yahoo plans to send a flurry of pink slips out as early as today. 

Two sources familiar with the situation say more than 600 employees, or between four-and-five percent of its overall staff, will be laid off.  A report of the Tuesday layoffs in “The New York Times” was said to be accurate by a source which indicated they’d be made mostly in Yahoo’s product group.  Another source said up to 700 employees may be let go.  The layoffs come two years into Chief Executive Carol Bartz’s tenure as Yahoo strives to grow its revenue amid competition from Google and Facebook.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,120 other followers