Associated Press SAN FRANCISCO — Yahoo is laying off 2,000 employees as new CEO Scott Thompson eliminates jobs that don’t fit into his plans for turning around the beleaguered Internet company.
The cuts announced Wednesday represent about 14 percent of the 14,100 workers employed by Yahoo. Yahoo estimated it will save about $375 million annually after the layoffs are completed later this year. The Sunnyvale, Calif.-based company will absorb a pre-tax charge of $125 million to $145 million to’ account for severance payments. •• charge will reduce Yahoo’s earnings in the current quarter.