Yesterday, after the news of Sun Microsystems hit the newswires, Yahoo also confirmed that it would be again slicing the size of its workforce, this time by 10%, as Yahoo plans to layoff about 1,500 employees on December 10th.

As the faulty economy is starting to hit the Valley in the same way it has hit most of America, these layoffs are happening at a time when Yahoo stocks have hit a major low of below $10 and Yahoo, according to Kara Swisher at AllThingsD, is about $2 billion away from closing a AOL Yahoo merger with Time Warner. (more…)

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