yahoo lays off 10% of their workforce (along with many other web 2.0 companies)

it's a big trend up in silicon valley right now as vc's crack the whip on their investments... the economy and struggles of banks/financial institutions are definitely affecting movements up in the bay and you.

jerry yang (ceo of yahoo) wrote a semi-depressing email to his yahoos (fancy word for employees) as to why he's letting go 10% of them yahoos.