On Yahoo’s Possible Layoffs: Hundreds, Not Thousands: NYT & WSJ
By Rafat Ali - Mon 21 Jan 2008 05:08 PM PST
NYT expands on upcoming Yahoo (NSDQ: YHOO) layoffs (which we reported on over the weekend here): it cites sources and says will be “hundreds of employees” out of a total of about 14,000. It says company executives are still trying to determine exactly which areas will be cut and a few variations of a plan would be submitted to the company’s board at a coming meeting.
WSJ also weighs in with a story: Yahoo expects to finish 2008 with about the same number of workers as it had at the end of 2007 while planning to add staff in some areas deemed priorities.
