Yahoo Cuts 14 Percent Of Workforce; 2,000 Given Pink Slips; Will Save $375M

Yahoo has made its massive round of layoffs official. The company just released a statement saying that 2,000 jobs have been cut, or 14 percent of it total workforce (which was previously around 14,000). We've pasted the release below. ?Today?s actions are an important next step toward a bold, new Yahoo! ? smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require. We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose ? putting our users and advertisers first ? and we are moving aggressively to achieve that goal,? said Yahoo's CEO Scott Thompson. ?Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they?ve contributed to Yahoo!.?

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