Yahoo To Cut 4% Of Workers

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Yahoo To Cut 4% Of Workers [uk.reuters.com]

Yahoo Inc said on Tuesday it will cut 4 percent of its workforce, as the struggling Web portal adjusts its operations to revive revenue growth.

Yahoo will lay off about 600 employees, mostly in its product group, and began notifying them on Tuesday, spokesperson Kim Rubey said.

The company will continue to hire globally to support key priorities, it said in a statement.