Yahoo Expected To Cut 5 Percent Of Workforce

Yahoo is preparing to cut as many as 650 jobs, or almost 5 percent of its workforce, as early as

Tuesday, people familiar with the situation tell the Wall Street Journal.

The cuts are the latest effort by the struggling Internet media company to streamline operations 

and cut costs as it attempts a multiyear turnaround effort under Chief Executive Carol Bartz.

A spokeswoman for the Sunnyvale, Calif., company declined to comment.

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