Yahoo! readies workforce axe

IT LOOKS LIKE YAHOO! is about to start swinging the axe and many hundreds of heads will roll as the company attempts to get its mojo back.

Both The New York Times and The Wall Street Journal reckon the outfit is preparing to cut costs big time as its stock price hovers around the $20 mark.

The debate is now about just how many jobs will go, as the firm tries to shake off the battering it's taken from Google and social networking sites of late.

According to Silicon Alley Insider, boss Jerry Yang fears he'll be axed if the Yahoo's stock tips far below $20. So he wants the axes sharpened so that his own head won't be among those rolling into the basket. µ