Planned job cuts at Yahoo are expected to come on Tuesday, with managers possibly finding out Saturday who is on the list, according to sources inside the company.
The layoffs come as Yahoo executives and board members discuss Microsoft's bid for the company. So far, Yahoo has not acted on the offer. Chief Executive Jerry Yang has told staffers that executives would take their time evaluating the proposal. However, Microsoft's share price has dropped since the offer was made a week ago, lowering the value of the deal from $44.6 billion to about $41.8 billion.
Meanwhile, The Wall Street Journal reports that Yahoo directors on Friday discussed taking Google up on a reported search advertising outsourcing pact to thwart the Microsoft bid or figuring out how to get Microsoft to sweeten the bid. The next scheduled meeting is Wednesday.
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