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| Yahoo changes severance plan in settling lawsuit (Reuters via Yahoo! News) | Yahoo Inc on Wednesday revised an expensive employee and executive severance plan it had adopted following a takeover bid by Microsoft Corp, settling a lawsuit brought by shareholders. |
| Report: Yahoo layoffs hit Flickr (CNET via Yahoo! News) | The Guardian is reporting that George Oates, along with two others on the Flickr team have been let go as a part of this week's Yahoo layoffs. Oates was one of the first employees at Flickr before its acquisition by Yahoo in 2005, and more notably its former chief designer. |
| Yahoo amends controversial severance program (CNET via Yahoo! News) | As part of its settlement agreement stemming from a shareholder lawsuit, Yahoo announced Wednesday it revised its controversial severance policy that had the potential of making a buyout of the company more expensive to a prospective buyer. |
| Yahoo curbs severance pay in event of a takeover (USA Today) | In a move that could make it easier to negotiate a sale, Yahoo Inc. has overhauled a severance program that could have saddled potential buyers with a huge bill after a takeover. |
