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Yahoo to Cut Workforce by 15 Percent, Weigh Asset Sales

Yahoo will cut about 15 percent of its workforce as part of a strategy to turn the troubled Internet company around. The long-anticipated purge announced Tuesday will jettison about 1,500 jobs, close some offices worldwide and explore selling some assets. Yahoo expects that by the end of this year it will have approximately 9,000 employees and fewer than 1,000 contractors. That will result in a workforce that's 42 percent smaller than it was in 2012, according to the...

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