August 12, 2008
Layoff rumors surface at Yahoo
Still reeling from its lengthy battle with Microsoft and the subsequent exodus of top executives, bad news has once again struck at Yahoo with reports that the company may be considering layoffs.
The rumored cuts are said to be part of an effort to streamline the consumer and advertising business units.
The story first appeared in All Things Digital.
While the story is still speculative, Yahoo is said to be under enormous pressure to make cuts it promised in the midst of fending off Microsoft's bid for control of the company.