Yahoo to narrow focus, cut 15% of jobs
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San Francisco - AFP
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Yahoo on Tuesday said it is cutting 15 percent of its workforce and narrowing its focus as it explores "strategic alternatives" for what to do with the faded Internet star. The announcements came as the California company reported a loss of $4.43 billion in the final three months of last year, due mostly to lowering the value of its US, Canada, Europe, Latin America and Tumblr units. |
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