Yahoo! faces third round of layoffs

April 15, 2009 11:31:09 PM PDT
Yahoo! is facing its third round of layoffs in 14 months.

A person with knowledge of the plan says the cuts will affect several hundred employees.

According to "The New York Times," the new cuts could be announced next week when Yahoo! reports quarterly earnings.

The cuts would be the first under new CEO Carol Bartz.

Yahoo! slashed about 1,600 jobs worldwide at the end of last year.