Yahoo Laying Off 700 Workers
Products division slashing workforce
By Rob Quinn, Newser Staff
Posted Dec 14, 2010 2:00 AM CST
Yahoo Inc. headquarters in Sunnyvale, Calif.    (AP Photo/Paul Sakuma)

(Newser) – Some 5% of Yahoo's workforce will get bad news just in time for the holidays. The company, seeking to cut costs amid lackluster growth, will lay off as many as 700 employees today, sources tell AP. Most of the layoffs will occur in its US products division, although there may be cuts in other areas, reports All Things Digital. This is Yahoo's fourth round of mass layoffs since 2007, and insiders are wondering whether CEO Carol Bartz may be next in line for a pink slip.

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Dec 14, 2010 7:36 AM CST
If only we'd given the rich those tax cuts sooner...
Dec 14, 2010 7:11 AM CST
clip - Information technology, the great electronic promise of the 1990s, has turned into one of the biggest job-growth disappointments of all time. ___________________________________________________ clip - The number of freshman who list computer science as a probable major has fallen by 70 percent since 2000.
Dec 14, 2010 5:47 AM CST
Once again we see that the realization that the House of Representatives is going republican did nothing to restore economic confidence. Gee I wonder if that might have to do with the way the rethuglicans broke everything and got everything wrong during the Shrub admin.