Wednesday April 04, 2012

Yahoo To Lay Off Another 2,000 Employees

Yahoo is laying off another 2,000 employees. Eventually, the company will be just two people, the CEO and the guy that is going to replace him.

The housecleaning marks Yahoo's sixth mass layoff in the past four years under three different CEOs. This one will inflict the deepest cuts yet, eclipsing a cost-cutting spree that laid off 1,500 workers in late 2008 as Yahoo tried to cope with the Great Recession.