Thursday January 07, 2016

Yahoo To Slash 10% Or More Of Its Workforce

Maybe Yahoo wouldn't have to be cutting more employees if it hadn't spent so much money acquiring other companies last year.

"We are not confirming this rumor or commenting further", Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group, Business Insider said on Wednesday.

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