Just In: Yahoo Plans to Cut 10% of its Work Force.

TECHNOLOGY ALERT from The Wall Street Journal.

Oct. 21, 2008

Yahoo announced another restructuring effort that seeks to cut annual expenses by $400 million, including plans to cut at least 10% of its work force. The Internet giant reported a 64% drop in quarterly profit and revenue that was flat from a year earlier, as the company continues to struggle with slowing demand for online ads and stiffer competition.

Guru’s Note: Bad news but 1500 employees still better than the scuttlebutt about 3,500 workers being slashed.

FOR MORE INFORMATION, go to: http://online.wsj.com/public/page/news-tech-technology.html?mod=djemalertTECH