'Deep' Layoffs Coming To Yahoo; PR, Marketing Among Targets
The Wall Street Journal (and AllThingsD) is confirming the rumors that Yahoo plans to lay off thousands of people as soon as the end of March.
PR and marketing, “research, marginal businesses and weaker regional efforts are among those considered as potential targets.”
The company employs more than 14,000 employees plus software contractors; a source told Kara Swisher that each unit would need to show significant savings or a “clear path” to revenue growth. “It’s going to be deep,” that source said.
Final numbers have yet to be announced.
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