Report: Yahoo Planning Layoffs
CNET News is reporting that Yahoo is expected to announce cost-cutting moves this week, which will probably include another round of layoffs following the one from back in February, confirming a rumor last month.
The company currently has 14,300 employees. “Yahoo, which is set to announce its third-quarter earnings Tuesday, has reportedly asked managers to identify areas where the company can achieve operating budget reductions of 15 percent.”
The company has been under tremendous pressure lately, following its rejected merger with Microsoft and its subsequent plummeting stock price.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in