Yahoo's short-term plan: layoffs and lawsuits
A still-independent Yahoo filed a 10-Q with the SEC last week, putting in writing some its current realities as well as its expectations for the coming quarter. Severance packages and other layoff expenses cost Yahoo $29 million in the first quarter. It plans to pay another $15 million in the second. Yahoo also now faces at least 10 shareholder lawsuits following the Microsoft merger negotiations.