I was not laid off today, but another set of co-workers were, including my immediate counterpart. Bits Blog (NYTimes.com) thinks that the Yahoo Layoffs Today May Not Be Last…

Yahoo began laying off 1,500 workers on Wednesday as part of a plan, announced in October, to slash expenses by $400 million a year. The cost cutting, however, may have to go deeper in the coming year.

“There could be additional staff reductions next year,” said Brad Williams, a Yahoo spokesman. “It depends on the decisions we make about prioritization, and on things we can’t predict in the economy.” Mr. Williams added: “We are trying to instill a culture of cost-discipline in our business.” [He] also said that the job cuts today will affect most parts of the company, but that Yahoo executives are still evaluating which projects will be de-emphasized or cut altogether. “This is more of a cost reduction rather than business prioritization,” he said about the layoffs. “Business prioritization will continue going forward. We are looking at businesses we may put into maintenance mode.”

Yahoo’s chief executive, Jerry Yang, penned a farewell note to laid-off employees on the company’s blog. If you want to know how managers are supposed to notify employees whose jobs are being cut, check out Valleywag.

Sad day.