Ax Falls at Yahoo as Yang Notes 'Tough Times'

"A Yahoo spokesperson confirmed that 1,500 remains the approximate total number of those being let go -- about ten percent of the company's workforce. She also said the cuts are global and across all departments.

"The news comes as the latest effort by the pioneering Web portal to streamline operations in a difficult advertising market. At the same time, it's working to find its footing after rivals Microsoft and Google earlier this year each backed out on doing deals with the company that could have dramatically altered its direction."

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