WebProNews

In fairness, rumors of Yahoo layoffs have circulated since January of this year—just before Microsoft made its historic bid. Yahoo was still denying layoff rumors as late as October 2, and then it was a couple thousand fewer laid off.

I guess Jerry Yang feels that maybe he would have better luck betting the whole company on a Las Vegas table than he has at running it. As you reported, our CFO is cutting the severance packages (I guess so he can fund the multimillion dollar holiday party). Employees are outraged and are planning to boycott the party. Maybe they should have surveyed the employees to see if they wanted to attend one party or get better benefits in their layoff packages. My finance peers should get their resumes updated as 50% of us will be leaving.

In a second move to help "right-size" the company, Yahoo announces that it will only return 90% of the internet when people are using their search engine tool. Certain types of sites are excluded - and Jerry Wang feels that this will help right-size his company for the new year: http://tinyurl.com/5s3le6

most get fired without at as much as a thanks. pack your crap and go.

been there done that. feel bad- but thats life for the rest of us.

Jerry is too arrogant and stupid to make this work.  He has screwed his shareholders beyond belief and Yang is the only one in the world that thinks the company is still worth $37 a share.  He should be fired ASAP