Sunnyvale based Yahoo! Inc. is planning to trim it's 14,000 employee workforce by about 5%, or 700 workers. Yahoo has been steadily losing ground in 2007, bleeding both ad revenues and market share, and their plans to fight Google are just about dormant. In other sectors, like music and multimedia streaming, a string of acquisitions like Rightmedia ($680M), Zimbra ($350M), Wretch ($21M) and Bix.com ($20M) has resulted in nothing except more red ink. The economy is weak, the tech sector is suffering from a lack of growth, and the 'overgrowth' of the last 5 years is due for a correction. For companies like Yahoo!, the time for corrections has begun.