Bad news for tech geeks! Massive layoffs at Yahoo!

I have sad news for tech geeks all over the world. Rumors of massive layoffs have hit Yahoo for couple of weeks now and yesterday Jerry Yang, the not so popular Chinese-looking founder cum CEO of Yahoo confirmed it. Yahoo will sack at least 10% of their existing staff to satisfy the ‘needs’ of their panic stricken share holders!

Recommeded Reading Links:
Jerry Yang Email To All Yahooers: 10% Of You Are Fired
Weak ad market leads Yahoo to cut 10 percent of jobs
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