I completely missed this news. Not that it surprises me as, well, it's Yahoo and they've been having their problems lately. I'm not sure it means anything except likely more unemployed people, and makes me wonder how their talks about acquisitons are going – and Microsoft is a possible suitor.
With so many sites on the web I'm not sure Yahoo's offerings will be missed, though people writing in similar entertainment venues might want to be a bit concerned about A) a bit more competition, and B) they may be seen as unnecessary as well.
Also, if a buyout is coming, yahoo may be streamlining themselves . . .