Yahoo layoff rumors

22 Jan

Will we see the resurgence of the pink-slip parties of the late 90’s?

The exact number of jobs cuts being planned was not given. The reports, citing unnamed sources, said the reductions could number “hundreds of workers.” Yahoo currently has about 14,000 employees.

A representative for the company could not be immediately reached for comment.

Shares of Yahoo were trading down 2% after Tuesday’s opening bell following a sharp selloff across the tech sector. Google shares were down 2.7%.

Google, Yahoo top online brands Yahoo! Japan billboard

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