Yahoo Layoffs Downsized to Hundreds
Yahoo job cuts won’t be as severe as rumored this weekend. Kevin Delaney of The Wall Street Journal reports sources close to Yahoo put the estimated number of layoffs in the hundreds. The New York Times chimes in with a similar figure and equally anonymous sources.
No one seems to know the exact extent of any future layoffs.
Paul Kedrosky of Infectious Greed knows one thing for sure: “When Yahoo does deliver the layoff numbers … the company’s stock will likely be sold, with the numbers not matching the whisper and therefore disappointing investors with its lack of aggression.”
Miguel Helft in the NYT reports today on weekend blog reports of the layoffs: “During the weekend, some blogs reported that Yahoo was considering layoffs of 10 to 20 percent of its work force. But the people close to the company, who discussed Yahoo’s layoff plans on condition that they not be identified, said the cuts would most likely be in the hundreds.”
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