Layoffs begin at Yahoo
As was expected, layoffs have begun at Yahoo with an estimated 1,000 – 1,100 employees asked to leave (Yahoo has not yet released official numbers).
According to one source, every conference room at their Sunnyvale, CA, headquarters was booked all day so that human resources could meet with the employees being laid off.
Yahoo’s new mission is to be the most popular starting place for people on the Internet, and a Yahoo spokeswoman said that they “are aligning resources to support our big bets…we’re making these targeted reductions in areas of our business that don’t support our critical growth initiatives.”
[Via CNET News]