Yahoo has been under a lot of contention recently and the recent lay off doesn’t raise many eyebrows. There would be nearly 2,000 people that would be given the pink slip, which is nearly 14% of its total strength.

It seems Yahoo is getting into a big trouble now with Facebook's filing of a countersuit against the company, claiming that yahoo's claims as baseless and insisting that Yahoo has violated its 10 patents.

A few days back, one of the users of Yahoo’s Flickr, Mirco Wilhelm, made a complaint about the account that held stolen material, But, yesterday, Yahoo’s Flickr faced a mishap when Wilhelm was unable to log on to his own 5- year old account.

With recent reports revealing that tech blogger Rafael Rivera had discovered that Yahoo was the unnamed `third-party' which caused the `phantom data' issue for Microsoft's Windows Phone 7 (WP7) users, Yahoo Tuesday apologized for the problem centering round the company's Web mail service.

Yahoo Inc has issued warning that revenue will again fall in this quarter as it gives out traffic to Facebook and Google and as a much-hyped search enterprise with Microsoft Corp failed to deliver quick results.

An internal Yahoo slide, which was leaked on the Internet on Thursday, clearly reveals that the company is planning to eliminate some of its "underperforming" Web properties, apparently in an attempt to reverse its fortunes by becoming more streamlined.

While a leaked Yahoo slide presentation Thursday revealed the company's plans to shut down several of its "underperforming" Web properties - including Delicious, Yahoo Buzz, MyBlogLog, and AltaVista -, a Friday statement by Delicious not only rebuffed the news of its shuttering, but also added that it was instead shopping for a home other than Yahoo.

In its Friday filing with the Securities and Exchange Commission, Yahoo revealed that it expects to report, in the fourth quarter, $33-$38 million in charges related to job-cuts which it announced earlier this week.

In what marks yet another turnaround move by the erstwhile search giant Yahoo, an internal company slide posted on the Web on Thursday said that the company intends shuttering several of its “underperforming” and “non-core” Web properties.

Since the recent breach of reader accounts at Gawker Media has apparently trickled down to a number of other sites, including LinkedIn, Yahoo, Blizzard, and Amazon, these companies - as well as some others - have reportedly issued password resets to users they believe may possibly have been affected.