Sounds like today’s after-the-bell earnings release from Yahoo! is not going to be a harbinger of the Big Turnaround everyone down there is hoping for.

From All Things Digital’s Kara Swisher, who has been out in front on Yahoo! layoff news:

Yahoo, which will announce fourth-quarter earnings later today, is also laying off another one percent of its staff, according to sources.

The layoffs of well over 100 employees are taking place across the company, although cuts are largely in the media and advertising group.

Yahoo currently has about 13,600 staffers worldwide.

After initially declining comment, a Yahoo spokeswoman confirmed the move and released the following statement:

“The personnel changes we are making 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 and experiences to the marketplace. We’ll continue to hire on a global basis to support our key priorities.” Full post

Author

Jon Brooks

Jon Brooks is the host and editor of KQED’s health and technology blog, Future of You. He is the former editor of KQED’s daily news blog, News Fix. A veteran blogger, he previously worked for Yahoo! in various news writing and editing roles. He was also the editor of EconomyBeat.org, which documented user-generated content about the financial crisis and recession. Jon is also a playwright whose work has been produced in San Francisco, New York, Italy, and around the U.S. He has written about film for his own blog and studied film at Boston University. He has an MFA in Creative Writing from Brooklyn College.

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