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Yahoo! to layoff more than 1,500

Inside sources tell mediabistro.com that outgoing Yahoo! CEO Jerry Yang sent an email to employees indicating that as many as 1,500 employees will be laid-off on Wednesday.  However, there’s word that the job cuts could surpass 2,000.

Back in mid-November, Yang suggested Yahoo! would have to layoff 10% of its global workforce, mentioning December 10 as a potential target date for the cuts.

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