Yahoo layoffs: 600 jobs cut in long-rumored move
Yahoo cut about 600 jobs Tuesday, the company confirmed, finally swinging the ax on layoffs that had been widely rumored for weeks.The layoffs represent a 4% reduction in Yahoo's global workforce, said a Yahoo spokesperson, although the company didn't specify which divisions suffered cuts. In an e-mailed statement, the company said its "personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth."The cuts were first reported by TechCrunch on November 11, saying 20% cuts were coming across the board. AllThingsDlast week with its own sources.Yahoo has struggled as it tries to reinvent itself beyond an Internet portal. The company has lost major market share in display advertising -- once its biggest stronghold -- to Google and Facebook. followed up later that day, claiming a 10% cut would come in the product sector only. Fortune reported the 10% figure
http://money.cnn.com/2010/12/14/technology/yahoo_layoffs/index.htm
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