Audio By Carbonatix
Yahoo is to cut 2,000 staff, 14% of the workforce, the company has confirmed.
The California-based company said the cuts were part of efforts to make it "smaller, nimbler, more profitable".
"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," chief executive Scott Thompson said.
He said it would move "aggressively" towards its goal of putting users and advertisers first.
Yahoo expects its cost-cutting programme to save $375m (ÂŁ236m).
It also said it would reveal more details of its new stategy when it releases its next set of results on 17 April.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Emma Ankrah: Between quiet questions and the will to continue
2 minutes -
Ghana’s economy shows strong recovery after “inherited crisis” – Ato Forson tells Parliament
3 minutes -
No further IMF financial bailout will be required in the foreseeable future – Finance Minister
4 minutes -
Learning from Ukraine, Hezbollah is now using fibre-optic drones to hit Israel
5 minutes -
Teenager arrested at Senya Beraku for alleged defilement of 15-year-old girl
5 minutes -
Ghana has moved from IMF ‘supplicant’ to partner – Ato Forson declares as economy surges past $100 Billion
7 minutes -
“Ghana has moved from ICU to wellness center” — Finance Minister declares economic recovery
29 minutes -
Ato Forson highlights “turning point” in economic recovery strategy
33 minutes -
NACSA Seminar: Gender Minister demands an increased role for women to end gun violence
38 minutes -
Full text: Statement on Ghana’s new engagement with IMF
45 minutes -
US trade mission to visit Ghana
1 hour -
Tempane: Three suspects arrested over deadly Worinyanga attacksÂ
1 hour -
EU fines Temu €200m for allowing sale of illegal products
1 hour -
Portugal breaks hottest May day record as Europe swelters in heatwave
1 hour -
KetaFC celebrates “vindication” after Volta RFA Middle League controversy
1 hour