Saturday, March 31, 2012

Yahoo set for significant layoffs, reports say

By msnbc.com staff

Yahoo is preparing to make significant layoffs next week in an ongoing effort to restructure the company, CNBC?s Scott Wapner reported Friday.

CNBC cited as its source a story on the news website AllThingsD.com, which said the Yahoo layoffs could touch thousands of employees. The company is then expected to announce a new restructuring of the company the following week, the report said.

Earlier this month, reports said Yahoo?s new CEO Scott Thompson is preparing a massive restructuring of the Internet search firm, including layoffs that are likely to number in the thousands.

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