After we reported on rumors that Yahoo plans to cut as much as 20 percent of its workforce a few weeks ago, Yahoo called that number "misleading." But layoffs do seem to be brewing, judging by the increasing number of tips we've been getting. On November 23, one tipster wrote that layoffs would be "officially happening after Thanksgiving but before Xmas 2010." Then yesterday, we started getting tips that the layoffs would begin today. Some product groups that seem to be targeted for cuts include Flickr and Yahoo Groups. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/3qctcvqMu_E/
