In a negative prelude to its fourth quarter earnings report due later on Tuesday, Yahoo confirmed it is cutting 1 percent of its global staff, or about 140 employees.
“The personnel changes we are making are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace. We’ll continue to hire on a global basis to support our key priorities,” a Yahoo spokeswoman said via e-mail.
It’s the second round of layoffs for Yahoo in as many months. In December, Yahoo laid off 600 people, or about 4 percent of its global staff at the time.
Yahoo ended its third quarter on Sept. 30, 2010 with 14,100 employees and grew its revenue 2 percent year-on-year to US$1.6 billion.
“We’re looking for top talent — across the board and around the globe — and we’ll hire as many smart, creative people as we can to tackle some of the toughest challenges in computer science,” wrote Google Senior Vice President of Engineering and Research Alan Eustace in a blog post.
When you purchase through links in our articles, we may earn a small commission. This doesn't affect our editorial independence.