News Update: Yahoo up Slightly After Trimming 5% of Workforce

Yahoo (YHOO) is slightly higher this morning on reports the Internet portal company plans to cut between 600 and 650 jobs, or nearly 5 per cent of its workforce. Affected workers will be notified starting today, several news outlets report.

The company is currently trading up 0.3%, or $0.05, at $16.75.

originally published at Retail - RSV News