REPORT: Yahoo! to layoff 14 percent of its workforce

Posted at 6:20 AM, Apr 04, 2012
and last updated 2012-04-04 06:20:57-04

(CNN) – Yahoo! is reportedly getting ready to announce a massive round of layoffs Wednesday.  The Wall Street Journal reports the internet company will cut around two-thousand people, which is 14 percent of its workforce.  Yahoo! has had years of flat revenue growth.  The layoffs are expected to span several departments.