HN readers should see this as an opportunity to hire experienced, qualified developers, systems engineers, and marketing people. Possibly for salaries lower than what otherwise would be the norm, especially in non-Bay Area markets.
"Qualified developers" ?
You must be kidding, I worked at yahoo a few years. It is very true that I have met a few outstanding engineers over there, however, the average engineering skill level right there was the lowest I have ever seen.