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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Layoffs at NPR, Yahoo

The Contraction Continues, Chapter 275: Yahoo began today laying off 1,500 employees, or 10 percent of its U.S. workforce, and Washington-based National Public Radio said it will lay off 64 employees, or 7 percent of its workforce, The Post's Paul Farhi reports.

Here's Yahoo chief executive Jerry Yang's blog posting on the layoffs, which were previously announced. Valleywag got hold of the Yahoo memo to its managers instructing them how to tell workers they've been let go.

NPR is also cutting two programs: "Day to Day," and "News & Notes." The recession hits NPR on several fronts: fewer donations from listeners, less underwriting from corporate sponsors and diminished income from investments.

-- Frank Ahrens
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By Frank Ahrens  |  December 10, 2008; 4:28 PM ET
Categories:  The Ticker  | Tags: NPR, Yahoo, layoffs, recession  
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