Yahoo To Lay Off 2,000 Employees

By: Associated Press
By: Associated Press

Stay up-to-date with KAKE News:

Wednesday, April 4, 2012

Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don't fit into his plans for turning around the beleaguered Internet company.

The cuts announced Wednesday represent 14 percent of the 14,100 workers employed by Yahoo, which is based in Sunnyvale, Calif.

The housecleaning marks Yahoo's sixth mass layoff in the past four years under three different CEOs. This one will inflict the deepest cuts yet, eclipsing a cost-cutting spree that laid off 1,500 workers in late 2008 as Yahoo tried to cope with the Great Recession.

Thompson is making his move three months after Yahoo lured him away from his previous job running eBay Inc.'s online payment service, PayPal.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 146092885 - kake.com/a?a=146092885
Gray Television, Inc.