Report: Yahoo to Lay Off Up To 10pct of its Workforce

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Not such good news to read this report, but they are often, sadly, correct.

Major layoffs will be coming to Yahoo as part of its planned reorganization to get its business back on track.

The company is working on a plan to cut at least 10% of its workforce, said sources familiar with the situation. The cuts would reduce Yahoo's headcount by more than a thousand employees and could begin as early as this month, the sources said. Report: Yahoo to Lay Off Up To 10pct of its Workforce [uk.businessinsider.com]

"A team is working on it and they want to do it this quarter," one of the sources said of the layoffs.