And so the culling begins.

From the tech headlines this morning:
After a fairly challenging year, struggling web media company Yahoo posted a 23 percent decline in fourth-quarter earnings and announced plans to cut 1,000 engineering and software positions, or roughly 7 percent of its total headcount.

So no change there then. Instead of offering pay cuts, or cutting the number of managers and administration staff, or any number of other more suitable options, Yahoo has gone for the knee-jerk reaction and laid off 1000 engineers.
Typical.
It puts me in mind of this sensible and well-written article that no corporate manager or CEO would ever read or consider, becasue it employs logic and common sense:

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