
Yahoo! Layoffs: Morning Tech Bytes
NEW YORK (
) --
Yahoo!
(YHOO)
confirmed Tuesday that it will lay off 600 employees, or 4% of its workforce beginning this week. The cuts will come from the company's product group.
Amazon
(AMZN) - Get Report
and
Research In Motion
(RIMM)
announced that they have teamed up to launch AmazonMP3, a new mobile music application for BlackBerry devices. The service allows users to download more than 14 million songs from Amazon's library and listen to 30 second clips before purchasing.
Shares of Amazon fell 0.1% in pre-market trading Wednesday to $173.77, while shares of Research In Motion dipped 0.46% in pre-market trading to $60.17.
Time Warner Cable
(TWC)
CFO Robert D. Marcus will be the company's new president and chief operating officer, the company announced Tuesday. Marcus is believed by some to be the replacement for CEO Glenn Britt when he retires.
topped the list of best places to work, according to career site
Glassdoor.com
.
Southwest Airlines
(LUV) - Get Report
placed second on the list, followed by management consulting firm
Bain & Company
.
In other Facebook-related news, founder Mark Zuckerberg was named
Time
Magazine's Person of the Year.
The CEO of New York-based daily deals site
BuyWithMe
has left the company after only eight months on the job. The company is likely to raise more money as competitors like
Groupon
and
LivingSocial
pull ahead, interim president David Wolfe told
AllThingsDigital
.
--Written by Olivia Oran in New York.
>To follow the writer on Twitter, go to
.
>To submit a news tip, send an email to:
.









