Yesterday I read an article in which a former manager at Yahoo! said the company could cut 25 percent of its work force "without actually cutting much of its capabilities." Of course I don't know if this is true, but it's easy for me to believe it's true.
I don't know Yahoo!'s employee count, but I do know that 2,000 is 14% of 14,000.
Yahoo! says the job cuts will enable the company to "realize approximately $375 million of annualized savings upon completion of all employee transitions."
YHOO closed yesterday (02012.04.03) at $15.18. 52-week range: $11.09 - $18.84. Right now, 6 minutes into trading, the NASDAQ is down almost 1% and YHOO is up a nickel.
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