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Yahoo Staff Layoffs

3:37 pm on Feb 13, 2008 (gmt 0)

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As expected, Yahoo Inc began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday.

A spokeswoman for Yahoo, which is seeking to fend off an unsolicited takeover bid by Microsoft Corp, declined to comment on the cutbacks beyond the general outlines Yahoo executives provided in an investor conference call last month.

Yahoo Staff Layoffs [uk.reuters.com]

9:39 pm on Feb 13, 2008 (gmt 0)

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Unfortunately with these things, the cuts usually start at the bottom, rather than the top, where the problem has lied for a long time now.

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