Yahoo slashes global workforce by 5%
China Daily | Updated: 2009-04-23 07:46
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The headquarters of Yahoo! Inc in Sunnyvale, California. The US Internet company reported first-quarter revenue of $1.58 billion yesterday, down 13 percent from the year-ago period, but that decline was offset by better cost controls. Bloomberg News |
Yahoo Inc said it would cut 5 percent of its global workforce and reported quarterly results that showed progress toward controlling costs, sending shares higher in an after-hours relief rally.
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