Yahoo mulls cuts

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Online giant Yahoo Inc. is reportedly facing a round of layoffs as part of a restructuring to focus on its core businesses.

Diana Wong, senior director of corporate communications for the company, would not confirm the reports, referring to a company statement that said, in part, “Yahoo has embarked on a multi-year transformation that includes making tough decisions about the business to help the company grow.”

The company said it planned to increase investment and con­tinue to hire in some key areas while reducing focus or eliminat­ing roles in other areas.
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