SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Yahoo Trims 15% of Workforce

Yahoo Trims 15% of Workforce

Yahoo Inc declared on yesterday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts. The layoffs take effect from April 11 and affected employees get 60-day advance notice of the move, Yahoo told in a notice filed with the California Employment Development Department.

The layoffs were spread across a range of departments and job titles. Yahoo shares ended-up 1 percent at USD27.10 on yesterday and are down around 18.5 per-cent so far current year. Yahoo Chief Executive Officer Marissa Mayer told at the time of the company’s 4rth Q(quarter) earnings call current month it will cut roughly 15 per-cent of its workforce as part of a strategy to revamp its core Internet business.

2
 
error: Content is protected !!