Yahoo Set to Cut 1,000 Jobs
Morning Edition, January 30, 2008 · A day after reporting a 23 percent drop in quarterly profits, Yahoo says it will cut about 1,000 jobs as early as next month. That's about 7 percent of the Internet portal's work,force. The aim is to cut costs and focus on the company's most important business: online advertising.
and more in detail at Portfolio.com (where the ominous photo above was posted)
It is time to start talking about the "R" word and what comes next. It is going to be a long, hard year and it looks like we are heading back into a period of "It's the Economy, Stupid."