Yahoo Layoffs Begin As Microsoft Bid Rebuffed

ABC News reports that the Yahoo Layoffs Begin. Up to 1000 Yahoo! employees are being laid-off as part of job cutbacks. The news comes just a few days after Yahoo! rejected a bid from Microsoft to buy Yahoo! for $44.6 billion. News then emerged that Yahoo! may ally itself with AOL in a bid to fight off the Microsoft takeover. Although in my opinion this could be a very bad move given the company’s track record with other firms such as Netscape.

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