(It’s bad enough to lose a well-paying job in this still-tough economy, but to lose one over the holiday requires quite a lot more than incorrectly quoting a tweet off Twitter without checking first.)
And so here’s the deal, as BoomTown has previously reported, about what’s happening at Yahoo layoffs, set for tomorrow morning:
Yahoo To Layoff 700 Employees
Yahoo will lay off about from 650 to 700 employees.
Those layoffs will come largely from its product division, headed by Blake Irving, although there could be firings from other parts of Yahoo.
The layoffs are mostly in the U.S. units of Yahoo.
Those let go with will notified tomorrow and will likely have to immediately leave Yahoo facilities. Company sources said the action will be completed by early afternoon, Pacific time.
It’s definitely bad timing for Yahoo, given it is less than two weeks until Christmas, but cost-cutting at the company seems unavoidable, as it seeks to improve revenue and spur growth.
Still, it is another sad day in Sunnyvale, Calif., where iconic Internet giant is headquartered.
Yahoo To Layoff 700 Employees
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