A tipster tells us: "Having drinks w/a couple acquaintances from Yahoo. Word is an internal memo is going out today from Jerry or Sue that essentially says, 'Get ready for some streamlining,' and not much more." Kara Swisher reports that executives at Yahoo are telling employees to brace themselves for "rightsizing," in anticipation of drops in the online-advertising market. Yahoo reports quarterly earnings on October 21, at which point investors will get their first look at the business results driving the rumored cutbacks. Got the memo? Send it in.

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