Yahoo (YHOO) announced another round of layoffs on Jan 25, this time eliminating 140 positions.
The most recent cuts came from the company's marketing team, according to the New York Times who cited a source briefed on the matter. This is about 1% of Yahoo's total 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," the company said in a statement. "We'll continue to hire on a global basis to support our key priorities."In December Yahoo said it was slashing 600 positions, or about 4% of its workforce. In 2009, Yahoo eliminated about 700 workers on top of 1,400 layoffs in 2008.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV