reuters:

Yahoo Inc said it was laying off 2,000 employees, signaling a broad shakeup of the company.

“Today’s actions are an important next step toward a bold, new Yahoo — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require,” Chief Executive Officer Scott Thompson on Wednesday. “Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal.”

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