Yahoo Is Said to Be Planning to Cut About 650 Jobs
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Yahoo! Inc., owner of the largest Web portal in the U.S., plans to eliminate about 650 jobs, or 5 percent of its workforce, part of its two-year-old turnaround effort, according to a person familiar with the matter.
The company is set to make the cuts as early as today, said the person, who asked not to be identified because the matter hasn’t been made public.