The company may not be shouting its own name in glee this year. Yahoo earlier this month posted lower quarterly profits and announced plans to cut at least 10 percent of its global workforce to save some dough. According to Yahoo, it plans to cut at least 1,500 of its 15,000 employees and reduce its expense-run rate by around $400 million by year's end. The recent round of slashing expands on the roughly 1,000 jobs Yahoo put on the chopping block back in February.
CFO Blake Jorgensen (pictured) has said more cuts could come next year if the economy continues its downward spiral.