Yahoo had a good day on the stock market, gaining a full 5.27 percent during normal trading hours. And - in what some may find to be a surprising development - it doesn't seem set to drop much in after-hours trading as investors dissect the company's first-quarter earnings report.
It seems that Bartz has some ideas for getting costs under control, too. Yahoo announced that it's preparing to lay off five percent of its workforce, which, given that the company's got 13,600 fulltime employees, should equal around 680 individuals. Notices will go out within two weeks.
Yahoo's stock is up 2.92 percent so far in after-hours trading.
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