After we reported on rumors that Yahoo plans to cut as much as 20 percent of its workforce a few weeks ago, Yahoo called that number “misleading.” But layoffs do seem to be brewing, judging by the increasing number of tips we’ve been getting.
On November 23, one tipster wrote that layoffs would be “officially happening after Thanksgiving but before Xmas 2010.” Then yesterday, we started getting tips that the layoffs would begin today. Some product groups that seem to be targeted for cuts include Flickr and Yahoo Groups.
Another anonymous tipster writes:
Go to work early and it seem conference rooms all booked up and can’t find my manager. Layoffs at Yahoo today? Had a early meeting with Flickr and head of ads in NYC and mysterious no Flickr people show up. . . . odd for whole team to not show up to important regular meeting.
And a self-proclaimed employe of Yahoo Groups reports:
My team was just reduced by 22% Yahoo management are fools. How do they expect us to meet our 2011 goals now?
Bear in mind that these are anonymous tips and are nothing more than anecdotal at best. But they do suggest those layoffs may be starting. Yahoo won’t deny or confirm anything. A spokesperson sent me the following boilerplate statement:
Yahoo! is always evaluating expenses to align with the company’s financial goals. Beyond that, we don’t comment on rumors or speculation.
So are layoffs starting today or not? If you are a Yahoo employee and know more details about this one way or the other please comment below or contact us at tips@techcrunch.
Yahoo was founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang. It has since evolved into a major internet brand with search, content verticals, and other web services. Yahoo! Inc. (Yahoo!), incorporated in 1995, is a global Internet brand. To users, the Company provides owned and operated online properties and services (Yahoo! Properties, Offerings, or Owned and Operated sites). Yahoo! also extends its marketing platform and access to Internet users beyond Yahoo! Properties through its distribution network...