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Yahoo to Slash 600 Jobs

Yahoo Inc. announced Tuesday it will cut 600 jobs—about four percent of its work force—as part of an effort to streamline operations and cut costs over the next few years. The cuts will mainly be felt in the Internet giant’s products arm, which builds advertising products, as well as in its email service sector. Most of the jobs are based in the U.S. Chief Product Officer Blake Irving said there had been friction within the company’s product groups and the regional teams, and these job cuts are aimed at better aligning the two parts of the business. Tuesday’s follow other rounds of layoffs over the past couple of years—and stand in stark contrast to the recent hiring booms at Google and Facebook.

December 14, 2010 5:32 PM