It has been decided by Yahoo! that they are cutting down about 600 employees from Yahoo. This figure is 5% of total employees of Yahoo!. According to Yahoo, this action is being adopted for decrease the expenditures and improve its operatins. The employees outed from News, Finance and Sports web and email service.
One year before, Yahoo! dismissed its 5% employees, other than Yahoo! including Google the other internet companies recruiting more staff for its companies and Google has announced 100% increase in salaries of its employees from January 2011.
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