Yahoo Lays Off One Percent of Staff in Front of Earnings

Yahoo, which will announce earnings later today, is also laying off another one percent of its staff, according to sources.

The layoffs of well over 100 employees are taking place across the company, although cuts are largely in the media and advertising group.

After initially declining comment, a Yahoo spokeswoman later confirmed the action.

Jennifer Love Hewitt Tina Fey Gina Philips Jamie Gunns Ananda Lewis