Yahoo to lay off more than 600 staffers

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Yahoo Inc plans to lay off more than 600 employees as early as Tuesday, two sources familiar with the situation said on Monday.

The cuts would represent between 4% and 5% of the Internet portal's overall staff, which totaled 14,100 at the end of September according to Yahoo's website.

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The layoffs come two years into Chief Executive Carol Bartz's tenure as Yahoo works to grow its revenue amid tough competition from Google Inc and Facebook.

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Abhishek Dua

@abhishekdua

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Created Tuesday, 14 December 2010 13:17
Last Updated Tuesday, 30 November -0001 00:00
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