Alas, today is "major pink slip handout" day over at Yahoo, where "police and security teams have been scheduled to provide order in case anyone goes postal." But things are getting ugly overseas as well. According to Valleywag, "the entire Dublin Finance team was laid off, to be outsourced by some place in Romania. Europe learns who gets axed [today] -- let's hope Rich Riley is among them, but unlikely as he is another......

According to a Valleywag tipster: FYI - I've heard the word from my peeps over at Yahoo Search Marketing in Burbank CA that the layoffs are going down as we speak, and people are being let go today. They're apparently walking the people into a meeting room, and then walking them out of the building. And according to an SFist tipster: [Layoffs will] occur over the next few days as employees are sent packing.......