According to foreign media reports, sources said Yahoo will announce a large-scale layoff on Wednesday, the number of the employees is expected to 3,000.
The sources said Yahoo will announce layoff in the in the financial telephone conference which be held on Wednesday of this week.
The industry believes that it is not a wise plan for Yahoo to announce plans of layoff at this time, because Yahoo have to wait until mid-December in order to implement this plan.
In addition, the industry believes that Yahoo need to lay off about 3,000. But the columnist of Wall Street Journal Kara Swisher said that Yahoo may lay off only about 1,500, instead of the previous rumors of people 3000-3500.
Originally Posted: China Business Daily
Author: Angulo Fu