Yahoo may cut up to 2500 jobs

An anonymous tipster is circulating the news across Silicon Valley that web giant Yahoo has put together a list of 1,500-2,500 jobs that might be on the chopping block sometime in the next two weeks.

CEO Jerry Yang will make the decision to go forward with these layoffs later next week. Apparently, Yang wants to announce the cuts with or before earnings are announced on January 29th, but may not make them if the stock price recovers.

This is a big cut - up to 20% of their 12,000 person workforce.

The folks over at Mashable have a great story on this.