Yahoo Said to Consider Job Cuts as CEO Aims for Turnaround
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Yahoo! Inc. is considering making significant cuts to its staff, a person familiar with the matter said, as Chief Executive Officer Scott Thompson overhauls the Web portal’s business to cope with market-share losses.
The firings could begin in a few weeks, said the person, who declined to be identified because the moves haven’t been announced. Thompson, a former EBay Inc. executive, said in January that the Sunnyvale, California-based company would focus on its strengths and “prioritize” how its uses its capital.