Yahoo to cut 1,400 jobs
NEW YORK (AFP) — Yahoo announced plans on Tuesday to lay off at least 10 percent of its workforce, some 1,400 employees, as the weak economy cut deeply into third-quarter profits at the struggling Web company.
Yahoo said net profit for the third-quarter of the year was 54 million dollars, or four cents per share, down from 151 million dollars and 11 cents per share during the same period of 2007.
It said revenues Read the rest of this entry »
Oct
21