Yahoo Plans to Cut Several Hundred Jobs: Source

Yahoo Plans to Cut Several Hundred Jobs: Source

www.reuters.com

"There will be some reductions in the workforce," the source told Reuters. "It would likely be in the hundreds."

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Writing on Silicon Valley Insider, former Wall Street analyst Henry Blodget said Yahoo Chief Executive Jerry Yang was still deciding whether to go ahead with the layoffs -- and could pull out of the plan if the stock price rebounded.

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World Markets Plunge - DJIA Futures Down Nearly 500 Points

I'll leave all the analysis to the experts, but it sounds like some of the "big guys" are looking for it to get bad. Another hit to the dot coms?

www.reuters.com
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