Yahoo is going to fire at least 10 percent of its global workforce by year-end, CEO Jerry Yang told employees in a company wide memo today (1400+).
Unfortunately, "affected employees" won't know for "several weeks."
"We understand that hearing this news now creates uncertainty," says Jerry, "but we are moving ahead in a way that balances speed with a clear focus on accomplishing what is necessary to set the organization up for long term success."
The whole memo: