Yahoo! Could Layoff Up to 20% of its Workforce

When news broke last week that Microsoft may be considering a purchase of Yahoo!, I think many people, myself included, assumed that Yahoo! was in great shape. The opposite might be true, for the time being, as it appears Yahoo! is having a difficult time converting all their raw traffic into raw moolah. So… layoffs are apparently in order.

According to reports from TechCrunch, layoffs may range between 10 – 20% of the company, which would equate to 1,300 – 2,700 people. Even at the low-end, Sunnyvale will no doubt feel a tad depleted. Of course, given Google’s rising nature, it would be no surprise to see them pick up a lot of the lost workforce. That’s if the layoff will occur, which should be known for sure by the end of the month.

The layoffs will be 10%-20% and are being recommended by the executive team after a recent offsite. The board will make the final decision at a meeting two days before the next earnings call on January 29. Layoffs will likely be announced then.

Source: TechCrunch