Technology Lab / Information Technology  Microsoft to hire 400
Yahoo workers, pay Yahoo $150 million  As part of the recent
Microhoo deal, Microsoft will hire 400 Yahoo employees …
As Microsoft takes over search development for Yahoo, at least
400 Yahoo employees will be shifting to Microsoft, and Yahoo
will receive $50 million annually for the first three years of
the 10-year deal to cover any unexpected costs during the switch
to new technology. Transferring 400 workers to Microsoft would
cut down Yahoo's current payroll by about three percent.
Recently, Microsoft has been hiring former Yahoo executives but
it has yet to do an en masse hiring. These details emerged in a
regulatory filing with the Securities and Exchange Commission
that elaborated on the agreement:  Microsoft will also pay
Yahoo! a payment of $50 million annually during the first three
(3) years of the Search Agreement. Yahoo! may use these payments
to partially cover transition and implementation costs not
otherwise covered under the Searc