Yahoo Expected to Lay Off Another 10% of Its Workforce

Paul Lilly

It's been a tough year for Yahoo, and it's Yahoo's employees who have been hit the hardest. Earlier this year the struggling search company had cut about 10 percent of its workforce, and now it appears another sizable chunk will be receiving pink slips .

The exact number of the impending cuts has yet to be decided, but according to The Wall Street Journal, it will be more than the 1,000 jobs the company announced it was cutting in January. Yahoo is expected to announce just how many it will be letting go during its earnings conference call tomorrow.

Jobs aren't the only thing being slashed at Yahoo. As part of its downsizing effort, operating budgets across the board are expected to be cut 15 percent. Meanwhile, Yahoo's share price has dropped more than 40 percent over the past three months, meaning this could be just the beginning.

Image Credit: Yahoo

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