Layoffs! Lawsuits! Losses! ... Yahoo! is! in! an! L! of! a! mess!

15 per cent of staff axed, bits likely to be sold off, $4bn loss for the year

Yahoo! is seeing matters go from bad to worse this week as the Purple Palace says it will be cutting 15 per cent of its staff and looking at possible sell-offs, all while writing off $4.4bn of business value."