Major Layoffs for Yahoo?

[HardOCP News]

The New York Times and The Wall Street Journal have both reported that Yahoo is on the verge of laying off hundreds of employees. Industry insiders are saying the cuts could be between 1500 – 2500 while published reports so far do not expect the cuts to be that deep. Yahoo has yet to comment on the story.

Precisely how many of Yahoo's roughly 14,000 employees will lose their jobs hasn't been determined, the newspapers said. A final decision could be announced Jan. 29 when Yahoo executives are scheduled to review the Sunnyvale-based company's fourth-quarter results.