More Yahoo Layoffs Coming Soon
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?
(Some images used under license from Shutterstock.com.)
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