Valleywag reported Yahoo plans to slash 3,500 jobs mainly in sales and finance beginning December (dang!) …
The departures are already happening, from what we hear. Read the tip here.
Update:
TechCrunch has made another post of the layoffs. Apparently, the first round will begin this week. Read the rest here.
TechCrunch reported the following: (here)
Yahoo just announced third quarter earnings. revenues were flat, up one percent to $1.79 billion. The company met consensus earnings estimates of $0.09 a share. CEO Jerry Yang on the conference call says that yahoo will lay off “at least 10 percent by year end.”
Source: Valleywag, TechCrunch
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They are cutting 15% around 2200-3000 employees shortly.