In order to streamline effienciency, Yahoo has decided to cut down a sizeable chunk of their workforce.  Unfortunately, a lot of people are obviously out of work now, but Yahoo is confident that this will bring about some very welcome changes in the months to come.  We can only hope that things work out for them.

"NEW YORK (CNNMoney) -- Yahoo said Wednesday that it will eliminate 2,000 employees, around 14% of its workforce, as new CEO Scott Thompson begins radically streamlining the company.

The long-rumored job cuts could be the first of several rounds, as Thompson pares Yahoo (YHOO, Fortune 500) down to focus on what he views as the company's core business lines.

Thompson, who joined Yahoo in January, plans to provide more information about his strategy during the company's first-quarter earnings announcement, which is scheduled for April 17."

Source: CNN

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