Yahoo Says Report That It Will Cut 20% of Staff Is `Inaccurate'

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 bwomack1@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net

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