As Weak Q4 Earnings Loom, Yahoo Freezes Hiring and Contemplates Layoffs

Thursday Jan 19th 2012 by Staff

New CEO Scott Thompson appears to be cutting costs at the troubled Internet company.

All Things D: Unnamed sources "close to the situation" tell Kara Swisher that Yahoo has enacted a hiring freeze and may soon begin layoffs. Any layoffs that come are expected to be small and selective.

Yahoo will announce quarterly earnings next week. While the company has reportedly made some improvements in its bottom line, sources say that key metrics still show room for improvement. Recently hired CEO Scott Thompson appears to be focusing on cutting costs in his early days with the Internet giant.

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