Yahoo mulls cuts

Share this article:
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.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions