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It was officially announced today that at least 1,500 jobs are set to get cut at Yahoo, which effectively hacks off 10 percent of the Sunnyvale Web portal's staff. This most recent set of layoffs, coupled with the 1,000 jobs eliminated in January, come as the company's third-quarter profit plummeted two thirds to $54.3 million (4 cents per share), from $151.2 million (11 cents per share) over a year ago. Will Microsoft come to the rescue? Again? Stay tuned. (SFGate)
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I wonder if one of unfortunates will be the dude, who cut me off on the 101 last week, with the M5 donning a "My Yahoo" license plate.
10%. Sucks.