Techno-News Blog

November 21, 2010

Yahoo Layoff Rumors Abound, as Does Freelance Hiring

Filed under: Uncategorized — admin @ 12:14 am

By: Don E. Sears, eWeek

Rumor has it that Yahoo is cutting anywhere from 10 to 20 percent of its consumer products division which could be between 650 and 2,500 individuals by the end of the year, according to anonymously sourced reports from TechCrunch and AllThingsDigital. Yahoo disputed the numbers will be as high as 20 percent, but declined to elaborate any further on layoff details. “Yahoo is always evaluating expenses to align with the company’s financial goals,” said a Yahoo spokesperson in a statement. “However, a 20 percent reduction in Yahoo’s workforce across the board is misleading and inaccurate.”

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