Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Yahoo to cut 2000 jobs

Posted: April 5th, 2012 | Author: | Filed under: By Location, USA | Tags: , | No Comments »

Yahoo Inc will lay off 2,000 people, or 15% of its workforce, in its deepest round of job cuts in years as new CEO Scott Thompson tries to drive innovation within a leaner, more agile company while saving hundreds of millions of dollars.

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