Bloomberg News

Yahoo Cuts 2,000 Jobs to in Effort to Reduce Costs

April 04, 2012

Companies Mentioned

  • YHOO

    Yahoo! Inc

    • $27.04 USD
    • 0.46
    • 1.71%
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Yahoo! Inc. (YHOO), the largest U.S. Web portal, is eliminating about 2,000 jobs, or 14 percent of its workforce, to help Chief Executive Officer Scott Thompson cut costs and accelerate a turnaround effort. Bloomberg’s Emily Chang and Cory Johnson report on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

Running Time: 03:25

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