Yahoo laid off 2,000 people yesterday. The move buys new CEO Scott Thompson time, but it doesn't buy him answers.
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Most of the job cuts will happen withing Yahoo's product, research and marketing units.
We've already heard that Yahoo is looking to make massive layoffs. Another rumor now suggests that the Yahoo Research division is going to take a big hit. Both Google and Facebook are very interested.
CEO Scott Thompson reportedly prepping major restructuring which will include "thousands" of layoffs. Yahoo declines comment, says leadership team in process of making "strategic change".
Cut spending in some areas and then aim that investment at businesses that can generate revenue growth. The problem? Yahoo hasn't outlined a growth plan yet.
Uh-oh. It looks like someone has leaked the details of the products being cut and merged over at Yahoo - and it appears that management there isn't all that happy about the leak.
The layoffs are now official. Yahoo today handed out pink slips to 4 percent of its workers, or about 560 people, according to reports.
There won't be much holiday cheer at Yahoo today, if reports about a round of layoffs are true.Word is that anywhere from 650 to 700 people will lose their jobs today, mostly in the product groups headed by Blake Irving, a former Microsoft exec brought in by CEO Carol Bartz in April as part of a massive turnaround effort for the company.
Despite American reports of Yahoo layoffs, local staff will be safe until next year.
Chief Yahoo Jerry Yang on Wednesday confirmed the company's layoffs in the U.S.
As most of the free world knows Yahoo layoffs begin today and they will happen live due to the number of employees involved, Twitter and tips that are filtering through numerous blogs.On the one hand Yahoo's layoffs are newsworthy, but is the company's restructuring all that different than any other company?
Here are today’s notable headlines. You can get News To Know via email alert and RSS daily:Sam Diaz: No surprise.
Word leaked out over the weekend that Yahoo is planning layoffs when it reports quarterly earnings on Tuesday afternoon. The exact number of jobs affected is unknown, thought sources told the San Jose Mercury News and Wall Street Journal that it would likely be more than 1,000.
Like RSS pioneer Dave Winer, I wonder what Microsoft thinks of Yahoo CEO Jerry Yang's choice of layoffs? He sure picked some high-profile, strategic folks who Microsoft would, no doubt, love to have added to its ranks as part of its planned Yahoo acquisition.
Yahoo's fourth quarter results Tuesday were better than expected, but the company's outlook for 2008 disappointed. Meanwhile, Yahoo didn't deliver layoffs as many prognosticators were expecting, but CEO Jerry Yang said a workforce review and a targeted "jobs realignment" will begin in February.
With impending layoffs of some unknown number (from hundreds to thousands) this month and a refocusing of the company's strategy, the blogosphere is full of speculation and advice. At GigaOm Sramana Mitra wrote that Yahoo needs to monetize its half a billion users better and should go on an acquisition binge to strengthen is positions in key verticals, such as news, sports, finance, jobs and photo sharing.
Reading the reports of what are beleved to be at least several hundred impending Yahoo! layoffs tells me both a lot and a little about the short-to-mid-term future of Yahoo!
The blogosphere is busy with rumors of Yahoo laying off up to 20 percent of its workforce (Techmeme), which numbers about 12,000.Silicon Alley Insider reported from a source that the potential layoffs are tied in part to Yahoo's stock performance:The "list" is reportedly the product of a Q4 project in which all group heads were asked to look at redundancies and create their own lists of potential cuts.
Yahoo has confirmed that it laid off about 5 percent of its sales force as part of an effort to streamline that unit's functions. The layoffs totaled less than 15 employees from Yahoo's sales offices across the United States.
Yahoo Chief Executive Terry Semel is expected to lay out his long-delayed turnaround strategy at the company's annual analysts day Thursday, providing details about restructuring and a new round of layoffs, according to sources close to the company. Staff cuts were announced at Yahoo's third-quarter earnings call last month, but the exact number has not been made public.
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