Yahoo to Lay-off Almost 2000 People in One day!

This great recession is not sparing anyone and Finance and IT have been thoroughly hit. Yahoo is the new victim. More than 1500 employees are too be given a pink slip from inside Yahoo. The layoffs are mostly across the board. But general, human resources and finance department will take a bigger hit, since the expenses are cost-based and most of their costs are staff.

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Yahoo Enters Merger Talks With Time-Warner

Yahoo! spent the July 4 weekend in discussions with its lead adviser, Goldman Sachs, and potential bid partners including Time Warner in a desperate bid to defend itself from shareholders meeting on August 1 to vote on whether to re-elect their board.

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