Yahoo to lay off more than 600 staffers: sources

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Yahoo to lay off more than 600 staffers: sources

Post by NewsOnline on Tue Dec 14, 2010 5:38 am

Yahoo to lay off more than 600 staffers: sources

SAN FRANCISCO | Tue Dec 14, 2010 3:46am EST

(Reuters) - Yahoo Inc plans to lay off more than 600 employees as early as Tuesday, two sources familiar with the situation said on Monday.

The cuts would represent between 4 percent and 5 percent of the Internet portal's overall staff, which totaled 14,100 at the end of September according to Yahoo's website.

The layoffs come two years into Chief Executive Carol Bartz's tenure as Yahoo works to grow its revenue amid tough competition from Google Inc and Facebook.

Yahoo declined to comment.

http://www.reuters.com/article/idUSTRE6BD08220101214

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