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 The Fortune post has been unpublished, though it still appears in Google News .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.