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Yahoo to Layoff another 140 Employees
Yahoo disclosed plans on Tuesday that it would eliminate 1 percent of its work force, or around 140 jobs, mostly in marketing. That follows cuts last month of another 600 jobs, most of them in the product group.
“We just completed a very encouraging quarter and year for Yahoo,” Ms. Bartz said in the call. She went on to say that “we are making clear progress on our plan.”
The first-quarter revenue forecast was for $1.02 billion to $1.08 billion, compared with analysts’ expectation of $1.13 billion. In after-hours trading, shares fell more than 2 percent, to $15.64.