Yahoo Cuts 14 Percent of Its Workforce
Yahoo announced that it was eliminating 2,000 jobs this morning–more than 14 percent of the company’s 14,000 employees.
“Today’s actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,” Yahoo CEO Scott Thompson said in a statement. “Unfortunately, reaching that goal requires the tough decision to eliminate positions.”
AllThingsD, which broke news of the cuts last night, says the carnage most likely isn’t over.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in