Yahoo Inc to cut 10% of its manpower by this month end. With this effect nearly 1000 people may leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group.
Yahoo had appointed management consulting firm McKinsey & Co, in November, to help with the reorganization of its core businesses. Yahoo has plans to restructure to its media unit, restructuring and consolidating it, including making cuts and shuttering some effort.
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