Is Yahoo cutting 3,000-plus jobs? A source inside the company says plans have been set to slash 3,500 jobs on December 10. And, briefly, Fortune's Techland blog agreed, reporting that Bain & Co. had recommended Yahoo cut 3,000 of its 15,000 employees. The Fortune post has been unpublished, though it still appears in Google News. I've called the writers to ask what happened to the story. Here's the excerpt which ran on Google News:
A management consulting firm hired by Yahoo to streamline the company is recommending that the Internet portal elminate 20% of its workforce, or about 3,000 employees, according to a person familiar with the situation.We'll decode the journalistspeak: "a person familiar with the situation" most likely means someone at Yahoo who wants to be able to deny that they blabbed.