Yahoo posts profit decline, to reduce headcount by 10%

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October 22, 2008

Yahoo posts profit decline, to reduce headcount by 10% October 21st, 2008 SAN FRANCISCO (MarketWatch) — Sunnyvale, Calif.-based Internet giant Yahoo Inc. said Tuesday its fiscal third-quarter profit fell lower, and that it will seek to control costs by cutting roughly 10% of its workforce. Yahoo said net income in the quarter fell to $54.3 million, or 4 cents a share, from $151.3 million, or 11 cents a share in the same period a year earlier. Excluding special items, Yahoo said earnings for
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