Yahoo, who should actually be a part of Microsoft and isn't due to some really terrible executive decisions recently, reported that they will be bringing down the hammer on some unfortunate souls. The number is said to be 1,5000 employees to be cut. In a buyout with Microsoft it would be likely that the heads would have rolled in the wake of the transaction anyway.
Yahoo is a global company, but you can be sure they would have a large concentration of layoffs at their headquarters. With a difficult job hunting environment and layoffs all around this sector, it would be safe to say a sizeable amount of consumers will be maxed out on their spending ability and wreak havoc on the retail sector this Christmas shopping season. Additionally, with cuts like these in the Silicon Valley tech area, you can expect the fortress of 'invincible bay area residential real estate' to show wear. This relates to consumerism in the closing of home equity lines of credits which were a significant helping hand to this debtor nation of America.
Yahoo is headquartered in Silicon Valley in the city of Sunnyvale, CA.
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