There are many rumors that Yahoo is going to be doing a mass layoff soon.
The product group has about 6,500 people, so a 10% layoff would mean about 650 people out of a job. This is as opposed to laying off 20% of 14,000 people, or 2,800 people.
Yahoo told TechCrunch:
Yahoo! is always evaluating expenses to align with the company’s financial goals. However, a 20% reduction in Yahoo’s workforce across the board is misleading and inaccurate.
So there is no doubt layoffs are coming and they will be big, but how big?