Yahoo Cutting About 600 Jobs, or 4% of Its Workforce
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Yahoo! Inc., owner of the largest U.S. Web portal, is cutting about 600 jobs, or about 4 percent of its workforce, part of an almost two-year turnaround effort.
The notification process began today and most of the cuts will come from the product group, said Kim Rubey, a spokeswoman for Sunnyvale, California-based Yahoo. The company plans to offer workers severance packages and outplacement services.