Yahoo! slashes 10 per cent of workforce

OUT WITH IT: Yahoo! had 15,200 employees at the end of the third quarter.







Yahoo! announced on Tuesday that it plans to cut at least 10 per cent of its workforce, or more than 1,500 employees, in the fourth quarter in an effort to reduce costs.

The struggling Internet company also announced sales for the third quarter that were roughly in line with Wall Street's forecasts and earnings that matched expectations.

Yahoo! had 15,200 employees at the end of the third quarter. The much-anticipated round of layoffs comes on the heels of another 1,000 job cuts in late January.

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