Yahoo axes 2,000 workers

Yahoo has said that it is laying off about 2,000 employees as it struggles to regain its web crown.

The firm said those at risk would be told of their job elimination or phased transition as part of its restructuring, which will save the company $375m every year.

Today’s actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require, CEO Scott Thompson said in a canned statement — via redwolf.newsvine.com

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