Huffpost Business

Yahoo: Major Layoffs Planned Under New CEO

Posted: Updated:
Print

SAN FRANCISCO (AP) -- Yahoo Inc. is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.

The cuts will likely affect several hundred employees, a person familiar with the plan said late Tuesday, confirming a report first published on The New York Times' Web site.

Read the whole story at Yahoo! Finance

Around the Web

Gawker - Yahoo's secret layoff doublespeak revealed! - Yahoo

More Layoffs Coming at Yahoo - BusinessWeek