Yahoo! ( YHOO) is trending as the Internet company plans to cut up to 2,000 jobs, nearly one-seventh of its work force. The company reportedly plans to announce the cuts as early as Wednesday. It's speculated that the cuts will mostly take place within Yahoo!'s product division, in an effort to shift the company away from marketing to advertising. The cuts will be made across the country, though it has been reported that the company may bring in new employees in the coming months. Yahoo! employs more than 13,000 people in 25 countries. The company has faced declining revenue and increasing competition from Google ( GOOG) and Facebook.
SanDisk ( SNDK) is another popular search after the flash memory card-maker cut its first-quarter profit and sales guidance.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.