San Francisco, Wednesday, December 10, 2008: Yahoo Inc will tell 1,500 employees on Wednesday they are losing their jobs, after announcing in October that layoffs would occur by year’s end, sources revealed on Tuesday.

The expected date of the announcement and some details were reported this week by All Things Digital, a blog covering Silicon Valley. The layoffs will hit hardest in the labour-intensive areas of human resources and finance.

The blog had speculated the layoffs would affect more than 1,500 people, or about 10 percent of Yahoo’s workforce, and the source said the number has not changed.