Market Overview

Yahoo To Fire 2,000, But Direction Still Unclear

Yahoo on Wednesday said it's laying off 2,000 employees, saving the struggling Internet giant about $375 million a year as it tries to return to solid growth vs. rivals such as Google and Facebook. The cuts represent about 14% of its 14,100 workforce as of year-end. Some analysts say that'll be the end of job cuts for now, but others expect more layoffs. Some analysts have long considered Yahoo (YHOO) to be bloated, but observers say the cuts

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