Yahoo is cutting 5% of it’s workforce, even though they posted earning in line with Wall Street expectations, and saw their share prices jump up by 5%. With all the cutting that has already been done, it’s curious why they need to cut staff if they are doing okay, which is as well as expected by analysts. Gotta make room for those CEO bonuses somehow I guess.
http://www.reuters.com/article/ousiv/idUSTRE53K5LO20090421
