Yahoo to cut 5% of its staff in a layoff targeting its product group

14th Dec 10, 12:35 PM

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Yahoo to cut 5% of its staff in a layoff targeting its product group

A report out of the NY Times Bits blog suggests Yahoo may be planning layoffs as early as Tuesday, December 14th. The anonymous source claims Yahoo may be planning to cut up to 5% of its staff. This figure is less than the 10% and 20% previously rumored by Cnet...

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