Yahoo

After Yahoo CEO Jerry Yang announced its earnings back on October 21, It was also announced that yahoo intended to layoff approximately 10% of the company or about 1500 jobs.  All things Digital reports the layoffs could reach 2000 by this Wednesday.

“Things have changed since these layoffs were announced,” said one source close to the situation. “But those additional cuts might not come Wednesday, but through attrition and a hiring freeze first.”

Yang, who agreed to step down from the helm at yahoo last month, has yet to leave.  It may be the perfect time for yahoo to announce his replacement and take the focus off this continual stream of bad news….

Time for the Microsoft acquisition rumor mill to start again…..  After all, it’s just business…

America Online continues to tighten its belt with the announcement of its discontinuing the services of AOL Pictures, BlueString, and XDrive.  AOL will begin notifying customers next week.  AOL had discontinued AOL journals and AOL Hometown earlier this summer.

All three products will go offline in December, however, AOL customers that have photos on AOL pictures will be able to access them until June 2009.

The company is clearly looking to shave budgets by eliminating money losing products.

With the closing of some of its more interesting social media apps, the current economic climate, and Yahoo’s 64 percent drop in profits and 10% cut in workforce, the rumor mill is active again about a possible AOL-YAHOO merger….