Yahoo! To Cut 700 More

Yahoo! (YHOO: 13.51 +1.05%) released earnings today, and they fell short of expectations. In addition, the company announced that it will be cutting an additional 5% of the workforce, or about 700 people. These job cuts would be on top of the 2,500 cuts they made last year. The company has already retrenched from a real estate standpoint, making the decision to not renew its lease for the Mission College campus in Santa Clara.

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