According to AllthingsD.com, “Yahoo’s CEO Scott Thompson is preparing a massive restructuring of the company, including layoffs that are likely to number in the thousands.”
The report goes on to say the changes and layoff will be announced by the end of March.
“Also among those being considered for targeting: Public relations and marketing, research, marginal businesses and weaker regional efforts.”
“Some parts will be cut away, leaving resources to go to better efforts,” said one person close to the situation, who noted specific announcements could take longer than this month. “But this has to be a true change to get this company back on track.”
Yahcloose
wrong
Wow…..great news!!! Sounds like they are on track.
I’m going to load up on Yahoo stock. 😉
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this way, the value of the company will fall so quickly, that, someday, anyone could buy the yahoo.com domain for few dollars 🙂
What is Yahoo’s market cap vs the value of their holding in Alibaba now?
Yahoo was the goto site back in late 90’s, used to be my homepage, finance, email, news, it was great, they had so much potential…
What does Yahoo do again?
Well, at least Jerry Yang is getting job offers…
http://mankabros.com/blogs/chairman/2012/01/17/jerry-yang-manka-bros-would-like-to-offer-you-a-job/
It’s the only way they have a chance of getting back in the game. Good for him on making a tough decision. Get rid of the bloat.
So this is like, what… 7 years after first getting demolished by the Big G?
See however much bloat they ‘cut’, then multiply that figure by 7. Add 25% to the total for good measure.
That’s how much money has been stolen from stockholders by employees and management out to ‘preserve jobs’, even when the core operations of the company were in a tailspin and no longer justified their existence.
Lawrence Garfield called this one to a tee.
Seen you soon.
– Myspace