Report: Yahoo layoffs to come Wednesday

Christmas is coming and so are the pink slips.

Yahoo CEO Jerry Yang noted in his post-quarterly earnings e-mail to employees in late October that employees affected by the 10 percent job cut would be "notified of layoffs in the next several weeks" -- that is, before Thanksgiving.

Apparently it took a little longer to wade through the approximately 1,430 positions.

A report in Dow Jones' AllThingsD site notes that the pink slips are expected Wednesday morning and will be across the board.

And while Yang, in the most recent earnings report call, noted that further layoffs could occur in 2009, AllThingsD, citing an anonymous source, said that an additional 500 positions may be cut through attrition and a hiring freeze.

Yahoo's move to cut 10 percent of its workforce puts it in the ranks of a number of other companies that are paring down their staffs, as a means to offset a hit to revenues as the economy tanks.

[mikehill33]

Layoffs have always been a part of the YHOO business plan.

[rcardona2k]

1. Jerry Yang<br />2. ...

[POOFTOYAHOO]

LOOKS LIKE MONSTER IS THE ONLY TRUE PLAY. WHERE EVERYONE FROM CAREER BUILDERS TO YAHOO ARE LAYING OFF HUNDREDS TO THOUSANDS OF PEOPLE MONSTER KEEPS INVESTING IN THEIR FUTURE ALONG WITH THEIR EMPLOYEES. LOOKS LIKE ALWAYS THE CREAM RISES TO THE TOP.

[JoeF2]

"The cream rises to the top"<br />That certainly doesn't mean you, since you apparently can't find the lowercase keys on your keyboard...<br />Or do you claim to be the opposite of Jerry Yang, who writes his emails in all-lowercase?<br />In case you don't know, writing in all-caps is the online equivalent of screaming.

[secretelvis]

Unfortunately, Yahoo management has a warped sense of who is actually valuable to the company -- holding political game-playing in higher regard than actual ability. It is a self-fulfilling prophecy that a company will fail when those who are the most damaging are kept aboard and truly productive, forward-thinking individuals are shown the door.