Yahoo!'s All-Hands Meeting = Big Cuts? (YHOO)*

Yahoo! will hold an all-hands meeting at 5 p.m. ET tonight, Valleywag reports, via a tipster.

UPDATE: Impressively, Valleywag’s tipster got the all-hands meeting wrong! The meeting is scheduled for tomorrow morning at 9:30 a.m. PST in the Sunnyvale cafeteria.

Not a surprise — for weeks we’ve expected the company to announce drastic layoffs today as part of its Q4 report card to Wall Street.

UPDATE: And now we know: 1000 layoffs.

Related: This Just In: Yahoo’s Q4 Will Be “Strong”
Yahoo Earnings Preview: Mercifully Low Bar*
Yahoo Layoffs: Estimating the Financial Impact
Yahoo Going Forward With “Drastic” Layoffs–Source

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