Yahoo plans first major layoffs under new CEO

(AP) -- Yahoo Inc. is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.

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<p><a href="http://www.physorg.com/news158991296.html">Yahoo plans first major layoffs under new CEO</a></p> <p>(AP) -- Yahoo Inc. is gearing up for its third round of mass layoffs in 14 months, signaling the long-slumping Internet company is still struggling to snap out of its financial malaise under a new leadership team.</p>