05/15/2009 05:12 am ET Updated May 25, 2011

Yahoo To Cut Hundreds Of Jobs, Reports Reuters

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, a source with knowledge of the situation told Reuters.

The layoffs could be announced next Tuesday, when Yahoo reports its first-quarter financial results, according to the source, who wished to remain anonymous because of the issue's sensitivity.

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