After announcing plans to lay off some 2,000 employees earlier this month, Yahoo has now confirmed that it will be closing or consolidating fifty of its sites, as well as part of its restructuring plan. “Yahoo has been doing way too much for way too long and was only doing a few things really well,” company’s CEO Thompson said during an earnings call. “We...
Tag Archives: Yahoo
Last week we reported that Sam Shrauger, the PayPal’s VP of global product and experience, is leaving the company. At that time it was expected that he will join Yahoo and today Yahoo spokeswoman has confirmed AllThingsD that Sam Shrauger, a former PayPal executive, has joined the company to co-lead its new consumer commerce business unit. He will co-lead the company’s...
Yahoo’s CEO Scott Thompson emailed his staff last Thursday to reassure employees about the company’s strategy. The new Yahoo could be a much small entity with a focus on media and advertising, with the layoff targeted at the product, research and marketing groups. Yahoo’s CEO Scott Thompson has convened top management to outline the restructuring plans and will...
With earlier this week Yahoo down lined its work force by firing around some 2,000 employees in its massive round of layoffs, the company CEO Scott Thompson emailed his staff Thursday to reassure employees about the company’s strategy. The new Yahoo could be a much small entity with a focus on media and advertising, with the layoff targeted at the product, research...
Yahoo yesterday announced that it would be laying off 2,000 employees as a part of restructuring effort with AllThingsD reported that company’s Chief Product Officer Blake Irving has resigned. On next Tuesday will see company’s CEO Scott Thompson outline his long-term strategy and vision for the struggling Internet Company. The reorganization meeting on Tuesday is...
As expected, Yahoo’s turmoil seems not to be ending soon; the company yesterday announced that it would be laying off 2,000 employees as a part of restructuring effort and now AllThingsD reporting that company’s Chief Product Officer Blake Irving has resigned. The move comes as the tensions lying between Irving and Thompson, with non-agreement over cutting the number...
Here are the numbers of what Yahoo is laying off tomorrow morning – the company is firing around some 2,000 employees in its massive round of layoffs – but wait cited the “sources” close to the situation, AllThingsD reports that this is just the beginning there is a lot to come more in the coming months. The company is going to announce the cuts in staff in the...
Yahoo sees another high-level executive departure, this time it’s a top-level content executive Luke Beatty. Luke is a Vice President and General Manager at Yahoo! and oversees Yahoo Local and all of the community properties, including the Yahoo Contributor Network, Flickr, Yahoo Groups and Yahoo Answers. Associated Content, now called the Yahoo Contributor Network,...
