Yahoo Cutting 1000 Jobs

In their biggest reduction in employee base since the dot com bust, Yahoo is planning to cut 1000 jobs in an effort to streamline their operations.

“The Sunnyvale-based company announced the upcoming 7 percent reduction in its 14,300-employee work force during a Tuesday conference call to review a 23 percent decline in its fourth-quarter profit.”

There's no word on exactly which area(s) of the company might be losing employees, but we'll keep you posted as we receive more information.
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