Yahoo to lay off 2,000
INTERNET giant Yahoo plans to lay off 2,000 people worldwide -- a 15pc chunk of its workforce.
The move is the company's deepest round of job cuts in years as new CEO Scott Thompson tries to drive innovation within a leaner, more agile company.
Thompson said he was intensifying the company's focus on its core businesses in face of competition from Google and Facebook.
"Our goal is to get back to our core purpose -- putting our users and advertisers first -- and we are moving aggressively to achieve that goal," said Thompson, who took the helm of the company in January. California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375m (¤285m).