Yahoo!7 streamline their processes and bring new agility and efficiency to how they work as an organisation

Read: They fired people yesterday.

How many? No one is really sure. I know of 5 definites across production and engineering ... reports are up to 20 were asked to leave, including one very senior staffer.

http://www.theaustralian.news.com.au/business/story/0,28124,24572546-7582,00.html

Edit: Just 6 days earlier Y7 told The Oz they had no immediate plans to make local redundancies - http://www.australianit.news.com.au/story/0,24897,24540225-5013040,00.html