Yahoo!

Jobs Cut: 1,500

On Dec. 10, Yahoo! (YHOO) began laying off around 10% of its staff of 14,300, a reduction that was announced in October. In a blog post titled "Tough times" Yahoo co-founder and departing-CEO Jerry Yang wrote that the cuts reflect "the changes we're having to make to better align costs with revenues—something businesses in virtually every sector are also having to do."