Around the Net

Yahoo Pulling Out Of China

At least for the moment, Yahoo is washing its hands of China. The tech giant is in the process of shutting down its Beijing research center, and laying off upwards of 300 employees, sources tell The Wall Street Journal. “The layoffs are the latest in a series of cost-cutting measures by Chief Executive Marissa Mayer,” WSJ writes. “The CEO is under pressure to rein in expenditures.”

Read the whole story at The Wall Street Journal »

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