Yahoo Freezes Before Moving Forward

With another weak quarterly report expected on Tuesday, Yahoo (NASDAQ:YHOO) has called for a company-wide hiring freeze and may begin limited layoffs, say sources, according to Kara Swisher of AllThingsD.

Any layoffs should be minimal, at least for now, but many believe Yahoo would benefit from big staff cuts, including changes in top-tier leadership, according to Swisher.

New CEO Scott Thompson seems to be focusing on costs and margins, multiple sources say.