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Tuesday November 30, 2010

Yahoo Said to be Rolling Out Layoffs

If the rumors are true, the holiday season might not be so merry around the Yahoo campus. According to C|Net, the company is planning another round of major layoffs.

Multiple media outlets reported earlier this month that Yahoo was on the verge of major layoffs, perhaps as high as 20 percent (but more likely 10 percent) of the struggling technology company. On Tuesday, TechCrunch reported that tipsters were contacting them to say the layoffs had begun. The company's Yahoo Groups and Flickr divisions were named specifically.

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