Yahoo’s Job-Cut Expense: Up To $27 Million
Yahoo will incur a charge of between $22 million and $27 million for the 700-person workforce reduction that it announced two months ago, according to an SEC filing late Friday. The layoffs accounted for about 5 percent of its workforce. In Q2, it will take a total pre-tax cash charges of between $30 million and $34 million in severance pay expenses and related cash expenditures.
Source: PC
