Yahoo cuts 14-percent of its staff

By: NewsCenter 16 Staff Email
By: NewsCenter 16 Staff Email

Struggling web giant Yahoo is cutting about 2,000 jobs. That's 14-percent of the company's workers.

The cuts come as new CEO Scott Thompson gets rid of jobs that don't fit his plans for turning yahoo around.

Wednesday's upheaval marks Yahoo's sixth mass layoff in the past four years under three different CEO's.

This one has the deepest cuts yet. 1,500 Yahoo workers were let go in late 2008 as the company coped with the worst of the recession.

Thompson just joined Yahoo from PayPal.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 146140105 -
Gray Television, Inc.