Rumor: Yahoo! (YHOO) To Cut 3,000 Jobs

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Believe what you will. Reports from Valleywag say that stories appeared in Fortune and at Google News saying that consultants from Bain, which is helping Yahoo! (YHOO) look at its business, have suggested that the portal company cut 3,000 people.

There will be no one left to work on the AOL merger.

The rumored target date is December 10. Yahoo! is expected to have lackluster earnings for the third quarter.

Douglas A. McIntyre