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Here's some actual news. A tipster writes:

FYI - I've heard the word from my peeps over at Yahoo Search Marketing in Burbank CA that the layoffs are going down as we speak, and people are being let go today. They're apparently walking the people into a meeting room, and then walking them out of the building.

Don't worry guys — you did follow Yahoo HotJobs's tips for how to survive a layoff, right?