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Rumor: Yahoo! To Layoff 20% Of Workforce

By National Confidential

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Published 11 November 2010 7:51 pm EST Updated 11 November 2010 7:51 pm EST

Billionaire Lifestyle Secrets

Yahoo is preparing to cull its workforce of around 14,000, according to reports from two tech blogs, but how deep the cuts will go is an open question.

TechCrunch reported Thursday that Yahoo is preparing to cut 20% of its total staff and has told managers to start making choices about how to trim their departments’ headcount. Yahoo immediately deflected that report.

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