Yahoo! Lays Off 600 Employees Around the World

The rumors that Yahoo! would lay off 600 of its employees appeared earlier this month were confirmed by the company yesterday. The cuts occurred in Yahoo! offices located throughout the world. Just over 4% of all base employees will be sent away before Christmas. Despite the layoffs, the company ensures that it will continue hiring and that “the change of personnel was necessary to position Yahoo! toward revenue growth.”

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