NEW YORK (Reuters) - U.S. newspaper publisher McClatchy said on Monday it would cut 1,600 jobs, or about 15 percent of its workforce, in an attempt to deal with the faltering economy and a decline in advertising revenue.
Internet giant Yahoo! said Tuesday it would cut some 600 jobs, or about four percent of its global workforce, in the third wave of layoffs at the company since late 2008."Today?s personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth and margin expansion and to support our strategy to deliver differentiated products to the marketplace," the company said in a statement.A Yahoo! spokesperson confirmed the "action impacts approximately four percent of our global employee base or 600 employees.