Yahoo cuts more employees worldwide
It's been fewer than two months since the last time Yahoo trimmed its employee head count, making this new round just the latest piece of dismal news for the company.
Just hours before its 2010 fourth-quarter earnings call, Yahoo has confirmed an NBC Local report that it has laid off about 100 to 150 employees, or 1 percent of its global workforce.
"The personnel changes we are making are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace," a statement from Yahoo read. "We'll continue to hire on a global basis to support our key priorities. Today's action impacts approximately 1 percent of the global employee base."
It's been less than a month and a half since the troubled Yahoo's last round of layoffs, which affected about 600 employees. The statement from Yahoo this time around uses nearly identical language to the one issued in December to announce those job cuts.