Yahoo 'to announce job cuts'

16 April 2009

Reports by the New York Times and the Wall Street Journal say that Yahoo may announce a new round of layoffs next week, the third one since early 2008 and the first staff-trimming under new CEO Carol Bartz. The round of layoffs could affect several hundred employees, when Yahoo is scheduled to report its first-quarter financial results, the newspapers reported, quoting anonymous sources.

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