Thu, 05 Apr 2012 08:13:32 GMT
Yahoo to reduce 14% of its workforce
Yahoo is set to reduce the number of personnel by 2,000 staff, or by 14% of the total labour force. The company explained the move as an attempt to make Yahoo smaller, more flexible and more profitable. The cost-cutting measures are likely to save about 375 million Euros for Yahoo that failed to compete with Google in search engine area.