Earnings: Yahoo Will Cut Staff By At Leat 10 Percent During Q4; Hoping To Save $400 Million
This story was written by Staci D. Kramer.
The much-talked about Yahoo (NSDQ: YHOO) layoffs are now official: it will slash its workforce internationally by at least 10 percent during Q4, with a goal of reducing costs by more than $400 million by the end of 2008, the company said in its Q3 earnings announcement today...that means around 1400 or so employees will lose their jobs. The beleaguered company also plans more cost-cutting during 2009. More to come from the earnings call.
Earnings Release | Webcast (5 p.m. eastern) | Slides
By Staci D. Kramer