Yahoo Firing 2,000 Workers to Save $375M

From PC World: After weeks of rumors of a pending reorganization, Yahoo announced this morning that the company is laying off about 2,000 workers.

Yahoo will begin informing employees of the layoffs and "phased transitions" today, according to a posted statement. The company expects to save $375 million from the job cuts. According to its website, Yahoo had about 14,100 full-time employees in the third quarter of 2011.

"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," said Scott Thompson, CEO of Yahoo, in a statement. "We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities."

Thompson, the former president of eBay's PayPal unit who took on Yahoo's top seat just this past January, also said he's pushing to put the company's users and advertisers first.

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