Report: Struggling Yahoo Set for Substantial Layoffs
111601
Hundreds of workers are expected to lose their jobs as the struggling internet company implements cost-cutting measures to stop its slide.
596268
Yahoo will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.
689243
The company's development group has been hit with layoffs.
21170
Search engine Yahoo says it plans to cut 1,000 jobs as its profits fall 23% in the final three months of 2007.
99112
As expected, Yahoo Inc  began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday.
526566
As Yahooâs board decides what to do about Microsoftâs buyout offer, the ax falls for some 1000 Yahoo employees.
609528
Oracle Corp.  will announce layoffs on Friday as a result of its recent acquisition of PeopleSoft, the company said on Friday.
253694
Q4 profits dip Yahoo! president Sue Decker believes her company is "moving from catch-up mode to a mode of true differentiation." But its fourth quarter profits were down 23 per cent, and it will soon axe seven per cent of its work force.â¦
564747
After declining Microsoft's buyout offer, Yahoo starts the layoffs announced last month.
353042
According to a story by The Wall Street Journal, Yahoo's board plans to send a letter to Microsoft on Monday saying that the software vendor's $44.6 billion merger offer "massively undervalues" the online services company.
445010
Yahoo has trimmed some staff in India as part of an exercise to improve the quality of its research and development (R&amp;D) team in the country. The company has removed less than 5 percent of staff after they failed in a performance appraisal, according to an informed source. Yahoo employs 1,500 staff in India in R&amp;D and its sales and marketing operations.However, the company continues to hire more staff in India. While declining to confirm the staff cuts, a spokeswoman at Yahoo said Thursday that the company has doubled staff in India each year, and is likely to do so this year as well. &quot;We continue to build a high performance culture in India,&quot; she said.IBM&#160;and Indian outsourcer Tata Consultancy Services have also&#160;trimmed under-performing staff in India, although both have said that the staff cuts are routine annual exercises to weed out under-performing staff. As staff costs in India increase because of shortage and competition, companies may be getting a lot tighter on quality, according to some analysts.Yahoo announced in January&#160;plans to let go about 1,000 of its global staff&#160;in February.
212634
Yahoo will announce plans to lay off hundreds of its 14,000 employees as the&#160;faltering Internet giant&#160;continues trying to snap out of its financial funk and fine tune its business strategies, several media outlets are reporting.Yahoo will let go hundreds of staffers as part of its ongoing efforts to improve its profitability and compete against Google, Facebook, MySpace and others, according to articles in The New York Times and The Wall Street Journal that cited anonymous sources.However, the Journal said that Yahoo will hire new employees in other areas and that it plans to finish the year with about the same amount of employees it had at the end of 2007.If Yahoo does in fact keep its headcount at last year&#39;s level, then the layoffs will probably be seen as a rebalancing of staff and less as a sign of financial distress at the company.A Yahoo spokeswoman contacted by IDG News Service declined to comment about layoff plans but said in an e-mailed statement that, as part of its multiyear transformation plan, the company plans to &quot;invest in some areas, reduce emphasis in others, and eliminate some areas of the business,&quot; based on its priorities.&quot;Yahoo continues to attract and hire talent against the company&#39;s key initiatives to create long-term stockholder value,&quot; she said on Tuesday.Yahoo is still deciding the extent of the layoffs and the areas that will be affected, and it will likely announce concrete plans to reduce staff next Tuesday when it issues its fourth-quarter earnings report, the Times and the Journal reported.Whatever ends up happening with the reported staff cuts, it&#39;s undeniable that Yahoo is still very much in reorganization and recovery mode.Once viewed as a dominant provider of online advertising and consumer Internet services, Yahoo has in recent years looked out of sync with the latest technical innovations and business opportunities. For starters, it let Google run away with the market for Internet search and advertising, and failed to develop a leading social-networking site, letting MySpace and Facebook capitalize on that opportunity. Yahoo also largely missed the online video revolution, which Google latched on to with its YouTube acquisition.Along the way, its sales and profits have been disappointing for the past two years, leading to several management shakeups in late 2006 and 2007.By far, the most dramatic happened in June, when co-founder Jerry Yang took over as CEO and chairman from Terry Semel. At the time, Susan Decker, former chief financial officer and head of Yahoo&#39;s advertiser and publisher group, became president.A week after Semel&#39;s demotion to non-executive chairman, Yahoo combined its search and display advertising sales teams in the U.S. It was an attempt to extend the company&#39;s long-standing, core display advertising client relationships to the pay-per-click business, which generates about 40 percent of the industry&#39;s online advertising and is dominated by Google.In August, Yahoo again shook up its top management ranks when it announced that its top sales executive would leave and that a new global sales organization had been created.In December 2006, Semel had rolled out a major reorganization, creating three main business units to focus on Yahoo&#39;s key customer segments: consumers, advertisers and publishers. At the time, Semel also announced that Dan Rosensweig, then chief operating officer, would leave the company.That reorganization was preceded by a widely publicized internal memo that was leaked to the media in November and came to be known as the Peanut Butter Manifesto. In the scathing memo, Brad Garlinghouse, Yahoo&#39;s senior vice president of communications and communities, called for a major reorganization, saying the company lacked &quot;a focused, cohesive vision&quot; that had made it &quot;reactive&quot; and eager to be &quot;everything to everyone.&quot;Since the uproar over the Peanut Butter Manifesto and the ensuing shakeups, Yahoo has seen quite a few changes in its upper management ranks. In addition to Semel&#39;s demotion and Rosensweig&#39;s departure, also gone are Wenda Harris Millard, who was chief sales officer, and Chief Technology Officer Farzad Nazem. In June, The New York Times reported that, in addition to these executives, at least 17 others at vice president level or higher had left Yahoo since the December 2006 reorganization.&#160;
363939
Major management shakeups have become frequent at Yahoo in the past 10 months, as the company urgently tries to compete better, not only against archrival Google Inc. but also against nimble start-ups, and turn around its generally disappointing financial performance.
80282
The boss of Yahoo says he is working on a "strategic plan" for the firm after reporting a sixth quarterly profit fall.
88516
The Wall Street Journal reports that the No. 3 cell phone operator in the country is preparing to lay off thousands of workers to help get its business back on track.
327669
When Yahoo posts fourth-quarter results after closing bell tomorrow, the company is expected to deliver a couple of disappointing announcements, including job cuts and a less profitable agreement with AT&T.
185112
Microsoft's potential acquisition of Yahoo has many pitfalls but also some benefits, and such a huge deal will be hard to pull off, analysts say.