Tuesday, July 26, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
OLED to Become Leading Smartphone Display Technology
Softbank's Pepper Robot Now Available In Taiwa
Samsung Wireless Charging Pads Support Charging Of Multiple Devices At once
Apple's Car project To Be Led By Veteran Bob Mansfield
Twitter Live Streaming To Include MLB Games, NHL Games and Nightly Highlights Program
iPhone 7 Rumored To Launch September 16th
Viber Now Available On All Windows 10 Devices
Verizon Buys Yahoo's Core Business For $4.83 billion
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Yahoo t...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 04, 2012
Yahoo to Lay Off 2,000 Employees


Yahoo will lay off 2,000 people as part of the company's effort fo reconstruct its business and save cash.

"Today's actions are an important next step toward a bold, new Yahoo - smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require," said Scott Thompson, CEO of Yahoo. "We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose - putting our users and advertisers first - and we are moving aggressively to achieve that goal," Thompson added. "Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they've contributed to Yahoo."

Through its restructuring efforts, Yahoo intends to grow "by responding more quickly to customer needs and competing more effectively in areas where it can win." Yahoo has identified key parts of the business - a select group of core businesses, the platforms that support those core businesses, and the data that drives deep personalization for users and ROI for advertisers - where the company will intensify efforts and redeploy resources globally, all focused on increasing shareholder value.

Yahoo said said it would save $375 million annually from the cuts, and will incur a pretax cash charge in the second quarter of $125 million to $145 million.

Yahoo said it would provide more details of its plans when first-quarter results are released on April 17.


Previous
Next
Facebook Says Yahoo is Infringing on Its Patents        All News        OCZ Releases the Indilinx Everest 2-based Vertex 4 Series SSD
Facebook Says Yahoo is Infringing on Its Patents     General Computing News      ARM To Set Up Joint Venture To Deliver Security Standard For Connected Devices

Get RSS feed Easy Print E-Mail this Message

Related News
Verizon Buys Yahoo's Core Business For $4.83 billion
Verizon Closer To Yahoo Deal
Yahoo Reports Loss For The Second Quarter 2016
AT&T, Verizozn To Make Final Bids for Yahoo Web Business - report
Verizon To Bid For Yahoo's Internet Business: report
Yahoo Reaches Agreement With Starboard
Yahoo Revenue Slightly Falls
Google Added To List Of Bidders For Yahoo's Core Business
Microsoft Supports Yahoo Bidders
Starboard Launches Proxy Fight Against Yahoo Board
Time Could Bid for Yahoo's Internet Business: report
Yahoo Forms Independent Committee to Explore Strategic Alternatives

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .