(Reuters) - Yahoo Inc called a media report it was planning to cut one-fifth of its workforce "misleading and inaccurate," but the Web portal stopped short of ruling out any layoffs.
Yahoo, which is trying to revive revenue growth amid competition from search giant Google and fast-growing social networking services like Facebook, said in an emailed statement on Thursday it is "always evaluating expenses to align with the company's financial goals.""However, a 20 percent reduction in Yahoo's workforce across the board is misleading and inaccurate," the statement said.
