Yahoo To Cut 2,000 Jobs
April 4, 2012 at 7:06 AM (PT)
As tipped on ALL ACCESS MONDAY (NET NEWS 4/2), YAHOO will eliminate 2,000 employees, around 14% of its workforce, as new CEO SCOTT THOMPSON begins radically streamlining the company, reports CNN.
"TODAY's actions are an important next step toward a bold, new YAHOO -- smaller, nimbler, more profitable and better equipped to innovate," THOMPSON said in a written statement. "Our goal is to get back to our core purpose -- putting our users and advertisers first."