ADP Footnote: Yahoo To Lay Off 10-20% Of Employees On December 13th

Tyler Durden's picture

All Things Digital validates a previous rumor that Yahoo will layoff 10-20% of its employees 10 days before Christmas, on December 13. This means about 2,500 will be likely laid off out of the firms' current 14,100 global employees. Surely this will result in a record NFP number next month as layoffs now result in an exponentially greater positive workforce addition per the latest BLS methodology.