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Yahoo Has Plans For Major Cost Cuts

     
10:37 am on Oct 20, 2008 (gmt 0)

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Yahoo Has Plans For [online.wsj.com]Major Cost Cuts
Yahoo Inc. is drafting significant cost-cutting plans to try to reverse its fortunes from the inside.

The Sunnyvale, Calif., Internet company is expected to disclose the cost cuts as soon as Tuesday, when it reports quarterly earnings, say people familiar with the matter. The cuts will involve layoffs, among other things, these people say.

The exact number of jobs to be eliminated remains unclear, though it is expected to exceed the 1,000 jobs that Yahoo announced it was cutting in January, say people familiar with the matter.

 

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