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Yahoo! says it will cut 2,000 jobs - Page 3 - Computer Issues, Video Gaming - Posted: 5th Apr, 2012 - 12:29am
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It seems like Yahoo is struggling, they plan to cut as many as 650 jobs, or almost 5 percent of its workforce.
QUOTE The cuts are the latest effort by the struggling Internet media company to streamline operations and cut costs as it attempts a multiyear turnaround effort under Chief Executive Carol Bartz.
A spokeswoman for the Sunnyvale, Calif., company declined to comment.
The cuts will be targeted at Yahoo's products group, which builds Web properties like the company's popular news, sports and finance pages, as well as its widely used e-mail service. The group, which recently had about 7,000 employees, is run by chief products officer Blake Irving, a former Microsoft Corp. Executive who joined Yahoo in April.
Irving had previously asked unit heads to prepare operational plans that factored in work force cuts of up to 20 percent, one person familiar with the matter said. Mr. Irving said in a recent interview that he wants the products group to work more closely with regional teams, so they share common goals and responsibility for achieving operational and financial targets....
A spokeswoman for the Sunnyvale, Calif., company declined to comment.
The cuts will be targeted at Yahoo's products group, which builds Web properties like the company's popular news, sports and finance pages, as well as its widely used e-mail service. The group, which recently had about 7,000 employees, is run by chief products officer Blake Irving, a former Microsoft Corp. Executive who joined Yahoo in April.
Irving had previously asked unit heads to prepare operational plans that factored in work force cuts of up to 20 percent, one person familiar with the matter said. Mr. Irving said in a recent interview that he wants the products group to work more closely with regional teams, so they share common goals and responsibility for achieving operational and financial targets....
Post Date: 20th Apr, 2011 - 1:16am / Post ID: #
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Post Date: 5th Apr, 2012 - 12:29am / Post ID: #
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Yahoo Search Computer Issues & Video Gaming - Page 3
Yahoo! says it will cut 2,000 jobs in a restructuring effort.
"Today's actions are an important next step toward a bold, new Yahoo! -- smaller, nimbler, more profitable and better equipped to innovate," the company said in a statement.
News of the cuts comes as payroll processing firm ADP reports that private companies added 209,000 jobs in March, slightly fewer than in February. Ref. CNN
TOPIC: Yahoo Search