Yahoo Cuts 1,000 Jobs

In one of the biggest downsizings since the dot.com bust Yahoo has announced plans to lay off about 1000 of it’s 14,300 employees. Columbian.com: “The Sunnyvale-based company disclosed the upcoming 7 percent reduction in its 14,300-employee work force Tuesday while reviewing a 23 percent drop in fourth-quarter profit and a cautious 2008 outlook. The bad…