According to a report in Bloggers Blog - Recession 2008 has hit Search Engines with a post on Yahoo cutting 1500-2000 jobs within the next two weeks.  My experience - any time you hear a rumor of job cuts, 99% of the time, there's good deal of truth in it.

And it's not hard to see why Yahoo is cutting jobs - I already wrote about Search Engines start layoffs - small now - are signs of much more, ahead a few days ago.  A reader of my blog quickly commented that

"….It's probably a little soon to suggest a trend of layoffs because 30 yahoo emps lost their jobs."

I wonder that person is going to say now?  

Here's more from the Bloggers Blog post on Yahoo cutting 1500-2000 jobs within the next two weeks:

"…. A tipster believes Yahoo has created a list of 1,500-2,500 jobs that may be eliminated in the next two weeks. CEO Jerry Yang will reportedly make the decision to go forward with these layoffs–or not–next week. Jerry reportedly wants to announce the cuts with or before earnings (January 29th), but may not make them if the stock price recovers."

Well, if the Yahoo layoff decision is based on a favorable Yahoo stock price - forget it - pretty much every-one's stock is in the dumps except those companies that are doing well globally, like IBM, but that's not saying much about the US operations - and I would not put it past IBM to lay off a bunch of US and Canadian employees and contractors just because they happen to live in an unprofitable economic system in the North American Continent - economics is a cold business - you have to be blue blooded, cold.  Glad I'm not in that business.

 "…If the economy continues to tank this year then there will likely be many more layoffs at various tech companies to come this year. Those who saw the fallout after 2000 have been through this before. The companies with the highest burn rates are often the first to cut jobs."

Well, what do you think is going to happen this year?  Rapid technology growth?