 AFP | Yahoo Reports Profit Drop, Plans to Cut 10% of Jobs (Update2) Bloomberg - By Crayton Harrison Oct. 21 (Bloomberg) -- Yahoo! Inc., the Internet company that rejected a takeover offer from Microsoft Corp., reported a 64 percent drop in profit and announced plans to cut at least 10 percent of its staff after advertising ... Yahoo Plans Job Cuts As Profit Tumbles Yahoo posts profit decline, to cut thousands of jobs |