Yahoo spokesman Brad Williams tells MarketWatch that the company has yet to announce the sacking of thousands of employees:

"We've talked about watching our costs; we certainly haven't said anything about job reductions," [Williams] commented. "At this point, it's just rumor and speculation."

Yes, indeed. Because we don't imagine that those Bain consultants have been hired to develop a surefire Google killer.

We ran the numbers a few days ago and were startled to discover that Yahoo needs to lay off about 3,000 people to make its operating margin a respectable 20% (which would still be miles below Google's 29%). Even half that number would be a massive cut. So we look forward to the formal announcement.

Please feel free to send us any/all additional info (hblodget@alleyinsider.com). Thanks in advance.

See Also:
Yahoo Cuts? How Many? When?
Yahoo Fat Farm: How Many People Does Yahoo Need To Fire?
Jerry To Yahoos: Get Ready To Get Fired; I've Hired Bain