Yahoo cutting workforce by 10 percent
22 Oct 2008
Yahoo reported a 64 percent year-over drop in net income for the third quarter and said it would trim its workforce by 10 percent in the fourth. That big number grabbed a lot of attention from financial analysts, and Yahoo's stock dropped on the news.
Yahoo said it would trim about $400 million from the payroll. Ten percent of a stated full-time workforce of 14,300 is 1,430 -- which