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.â€
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…