Yahoo! Retrenched 1,400 Staffs

I just read in the press that an internet giant like Yahoo! has recently retrenched 1,400 employees, about 10% of its staff strength. Perhaps Jerry Yang should have accepted the USD45 billion bid from Microsoft's offer a few months back and not end up like this. But who could foresee the future? He could have retired or work from the back ground a very rich man, but alas, he rejected Microsoft's generous offer stating that it was too low. That's what pride does to someone like him and it is now the downfall of Yahoo! As more companies and banks join in the fray to retrench workers, there is going to be more gloomy times ahead in this financial meltdown. We should pray for a miracle now.