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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented