Yahoo Will Lay Off 1,000 Workers

It doesn't sound like things are going well with Yahoo. Yahoo Inc.'s, financial slump deepened at the end of 2007, prompting the slumping Internet icon to draw up plans to lay off 1,000 workers. The Sunnyvale based company disclosed the upcoming 7 percent reduction in its 14,300 employee work force during a conference call to review a 23 percent decline in its fourth quarter profit.