UPDATE: Yahoo Cuts About 600 Jobs, Or 4% Of Work Force >YHOO

SAN FRANCISCO (Dow Jones)--Yahoo Inc. (YHOO) said Tuesday it was cutting about 600 jobs, or about 4% of its work force, as the struggling Internet media company strives to increase revenue and boost margins.

Yahoo spokeswoman Kim Rubey said the cuts were largely aimed at the Sunnyvale, Calif.-based company's products group, which builds advertising products, Web properties like the company's popular news, sports and finance pages, as well as its widely used email service.

Most of the jobs cut were in the U.S., she said.

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