LayoffBlog.com

April 21, 2009

Yahoo likely to see earnings drop; job cuts possible

Yahoo Inc. is expected to posts declines in both profits and sales when it reports first-quarter results after the market’s close on Tuesday, though investors may be more keen on hearing more about the company’s reported plans for trimming more staff as part of an ongoing restructuring.

Last week, the New York Times reported that “several hundred” employees could be affected by the job cuts, which could be announced alongside Yahoo’s earnings report.

Source: MarketWatch

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