Printed from http://www.electronista.com

Yahoo to begin large workforce cuts next week, more

updated 04:20 pm EDT, Fri March 30, 2012

Yahoo job cuts due next week, then reorganization

The expected Yahoo job cuts may start as soon as next week, if an AllThingsD wrote citing multiple sources proves true. The week after next will see the announcement of a restructuring plan, Tuesday and Wednesday meetings with new CEO Scott Thompson allegedly revealed. The job cuts will reportedly come mainly from the product, research, and marketing arms. The goal is to have about 14,000 employees left over at Yahoo.

While nothing was set in stone, the resulting company is said to be much leaner and focus on media and advertising, along with unspecified future ideas. The layoffs should occur over an extended period of time, as Yahoo is still deciding on how exactly to go about getting rid of its ad technology business and maybe the search business, which collectively account for 2,500 staffers. Thompson was purportedly in talks with Google and Microsoft regarding this.

Sources said the new Yahoo may involve a global media division that would include its communications and search businesses. There would also be smaller ones for global and regional sales. A department of about 50 may be devoted to future innovation.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Lemur BlueDriver

"Oh no, the check engine light is on…again! What one of the hundreds of reasons could it be this time? Probably going to cost a fort ...

Sponsor

toggle

Most Commented

 
toggle

Popular News