Yahoo! recently confirmed it would cut it workforce by “at least” 10 percent of its global workforce. At the recent Web 2.0 Summit, CEO Jerry Yang talks to John Battelle about the failed Microsoft merger, and the future of Yahoo!

Battelle opens his interview with “so Jerry, besides Yahoo!… how’s things going?” As Yahoo’s stock has dropped this week to $10 a share, a spate of rumors swirled inside and outside the company about the fate of Yang, and just how low the companies’ stock price can fall.