Yahoo To Cut Workforce By 10%

During their third quarter financial report call today, Yahoo announced they will be cutting their employee numbers by 10 percent.

Unfortunately, the employees will not have much coming from any of their Yahoo stocks which are at 52 week lows and the poor financial report will not help improve the numbers. Yahoo closed at 12.07 but in after hours trading following the call the stock was up over 5%.

Related reading

The word PREPARED is written on a blackboard with the UN crossed out. A hand is underlining it.
A hand holding a transparent piece of plastic or glass, with the Google logo superimposed onto it.
Simple Share Buttons