Yahoo Says Report That It Will Cut 20% of Staff Is `Inaccurate'
Stock Chart for Yahoo! Inc (YHOO)
Yahoo! Inc., the largest U.S. Web portal, said a report that it will cut 20 percent of its staff is “misleading and inaccurate.”
“Yahoo is always evaluating expenses to align with the company’s financial goals,” Charles Sipkins, a spokesman for the Sunnyvale, California-based company, said in an e-mail. “However, a 20% reduction in Yahoo’s workforce across the board is misleading and inaccurate.”
The technology blog TechCrunch reported earlier today that Yahoo is preparing to lay off 20 percent of its total staff, citing two unnamed sources.
To contact the reporter on this story: Brian Womack in San Francisco at email@example.com
To contact the editor responsible for this story: Nick Turner at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.