Yahoo's new wave of layoffs -- rumored to be on the way since earlier this month -- may be underway, TechCrunch reports.
TechCrunch has received multiple anonymous tips purportedly from Yahoos suggesting firings were imminent or ongoing. One tipster claiming to be from Yahoo Groups said the division had been reduced by 22%.
Yahoo is expected to trim 10-20% of its work force.
For what it's worth, the one Yahoo we've heard from so far hadn't head anything yet. Yahoo has this to say:
Yahoo! is always evaluating expenses to align with the company’s financial goals. Beyond that, we don’t comment on rumors or speculation.
So, what's up Yahoos? Let us know: nsaint@businessinsider.com.
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See Also:
- Tim Armstrong Jokes About Failed AOL-Yahoo Merger
- These Yahoo Firings Are Just Plain Depressing (You Can't Fire Your Way To Prosperity)
- Yahoo To Fire 1,000 Or More – Reports
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