12/14/2010

Yahoo preparing to lay off 600 to 700 workers

Filed under: — By Aviran Mordo @ 4:23 pm

Yahoo Inc.’s holiday trimmings will include 600 to 700 layoffs in the Internet company’s latest shake-up triggered by lackluster growth.

Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo’s plans. The person asked for anonymity because Yahoo hadn’t made a formal announcement.

The planned cutbacks represent about 5 percent of Yahoo’s work force of 14,100 employees. It will mark Yahoo’s fourth mass layoff in the past three years.

 

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