Mon, 01/21/2008 - 5:56am.
Middle management may suffer the unkindest cut of all, if a rumored layoff of upwards of 1,500 people takes place.
The numbers could go as high as 2,500 should Yahoo CEO Jerry Yang sign off on a reputed plan to deflate Yahoo's employment rolls.
Wall Street would be delighted to see Yahoo take that course. When the now-famous Peanut Butter memo leaked, Yahoo executive Brad Garlinghouse said in it Yahoo suffered from a lack of decisiveness, among other things.
Silicon Alley Insider cited a tipster in disclosing the likelihood of layoffs taking place ahead of next week's earnings announcement. "Management by committee does not work," the report said, with Yahoo's moribund stock price likely a result.
http://www.webpronews.com/topnews/2008/01/21/massive-yahoo-job-cuts-rumored