Yahoo announces first round of layoffs as it trims 15 percent of workforce

February 10, 2016 9:36 PM

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Yahoo announces first round of layoffs as it trims 15 percent of workforce

SAN FRANCISCO Yahoo Inc (YHOO.O) announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.

The layoffs take effect April 11 and affected employees received 60-day advance notice of the move, Yahoo said in a notice filed with the California Employment Development Department. The layoffs were spread across a range of departments and job titles.

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