11/21/2008 05:12 am ET Updated May 25, 2011

Yahoo Layoff Memo Full Text

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:

Read more on Silicon Alley Insider