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Yahoo to cut its workforce?

Yahoo is contemplating another round of layoffs, according to reports.

     
12:41 am on Oct 3, 2008 (gmt 0)

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Yahoo is contemplating another round of layoffs, according to a report in Silicon Alley Insider.

Any carnage count would likely be less than 20 percent of the workforce, SIA notes, citing people familiar with the company's financial health. According to the report:

While our Henry Blodget has called on Yahoo to can 3,018 people (that's more than 20 percent of the workforce), the odds that Yahoo will make cuts on that scale are very low, we're told by people familiar with the company's thinking. But we're also told that another round of layoffs are indeed on the drawing board, prompted by a grim financial forecast.

Rest of the story:

[tech.yahoo.com...]

 

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