Yahoo's new CEO, Carol Bartz, who was hired two weeks ago to engineer a turnaround, confirmed the salary freeze Thursday, the day after informing employees of the decision. Yahoo has about 13,700 employees after laying off 1,500 workers last month. No other job cuts are currently planned, Yahoo spokesman Brad Williams said, although management has previously warned another purge could come, depending on how much longer the 13-month-old recession lasts.
J V Godwin
J V Godwin
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