Yahoo Cutting 700 Jobs

Apr 22, 2009  •  Post A Comment

Yahoo is cutting as many as 700 jobs, or 5% of its workforce, as the company continues to deal with a decline in online advertising, the New York Post reports. New CEO Carol Bartz also reported profit plunged 78% while revenue slipped 13%, the tabloid says. “We had a lot of people running around and telling people what to do, but nobody was f- – -ing doing anything,” Bartz said on a conference call, and then apologized for her language, the Post reports.
—Aimee Picchi

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