China Financial Daily

Yahoo layoffs: Yahoo or may lay off 1700 employees after the deal with Microsoft
News on September 15: according to foreign media reports, the U.S. investment firm Sanford Bernstein analyst Jeffrey Lindsay released the Investment Report on Monday said that the cooperation between Yahoo and Microsoft is expected to complete at the second quarter of 2010. After the end of the transaction, Yahoo is likely to lay off at least 1,700 people.

Lindsay said in the report, the market has underestimated the value of Yahoo shares. Lindsay change Yahoo’s stock rating from market perform to outperform.

Lindsay also believe that once Microsoft and Yahoo’s search advertising partnership transactions completed in the second quarter of 2010, Yahoo may lay off at least 1,700 people.

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