By P.G.R.
on
Wednesday, October 22, 2008
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SAN FRANCISCO —
Yahoo was hurting long before the financial crisis got everyone worried about a global recession. Now its pain has become more acute. Yahoo said Tuesday that it would lay off at least 10 percent of its 15,000 workers as it tries to bring down its expenses. It said reduced marketing budgets had taken a bite out of its online advertising business, sending its net income for the third quarter tumbling by 64 percent......
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