On the 22nd of January we reported that Yahoo was planning to lay off hundreds of its employees, we now know that number is 1,000. This is according to a statement by Yahoo's CEO Jerry Yang. It is unknown which divisions of the company are going to be hit the hardest, only time will tell. It's quite sad but a reality and hopefully this can help the company head in the right direction. With Google being Yahoo's main competitor it surely is not a simple task for Yahoo to continue growing at a high rate. Best of luck.