“Yahoo Design Innovation team has been shut down completely,” wrote Doug Fritz, a former full-time staffer for the team, in an email.

More than 1000 members of Yahoo’s next generation projects are reported to have been axed after it suffered losses in its fourth Quarter

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This story has been dugg! but many diggers consider it too bad to be true , hence digg has put a notice

[Reported by Diggers as Possibly Inaccurate]

Lets wait and see as the truth comes out