Yahoo To Lay Off 2,000 Employees

Deutsch: Logo von Yahoo

Deutsch: Logo von Yahoo (Photo credit: Wikipedia)

Editor’s note:  Betcha nobody is yelling “yahoo” over this news!

(Reuters) – Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with a leaner, more agile company while saving hundreds of millions of dollars.

Wall Street’s reaction was lukewarm, after two previous Yahoo CEOs failed to find an answer to rivals like Web-search leader Google and the Facebook social-networking site.

Sunnyvale, California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375 million annually from the cuts and incur a pre-tax cash charge in the second quarter of $125 million to $145 million.

Read more: http://www.mcall.com/business/sns-rt-us-yahoo-layoffbre8330ly-20120404,0,1433746.story

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