Yahoo is expected to announce significant layoffs next month, with reports ranging from 10 and 20 percent, or anywhere from 650 to 2,500 employees.
TechCrunch initially reported the 20 percent figure. In a statement, Yahoo called that number "misleading and inaccurate."
AllThingsDigital reported the layoffs should be "closer to 10 percent and be almost completely centered on the product organization under Chief Product Officer Blake Irving."
Expect layoffs to be closer to 10 percent, as Kara Swisher has been the most reliable source for information during Yahoo's recent turmoil.
Another Potential Buyer
Earlier this week, Reuters reported that Alibaba's Jack Ma had been approached by a group of private equity investors to gauge his interest in joining a bid to buy Yahoo. AOL has also been rumored for a while to have some interest in buying Yahoo.
Yahoo Hires Sales Exec
The Brutal Decline of Yahoo
Rough Week For Search (Unless You're Google)
Also, earlier this week, we learned Ask is giving up on search and laying off about 130 engineers.
In reading "7 Search Engines Google Obliterated" (Excite, InfoSeek, AltaVista, HotBot, AllTheWeb, Yahoo, and Ask) over on Search Engine People's blog yesterday, it makes you hope a site like Blekko or a new player sees some success to lessen Google's increasing stranglehold on search.
Twitter Canada MD Kirstine Stewart to Keynote Toronto
ClickZ Live Toronto (May 14-16) is a new event addressing the rapidly changing landscape that digital marketers face. The agenda focuses on customer engagement and attaining maximum ROI through online marketing efforts across paid, owned & earned media. Register now and save!