Layoffs Across Yahoo â Finally
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As Yahooâs board decides what to do about Microsoftâs buyout offer, the ax falls for some 1000 Yahoo employees.
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Yahoo Inc. said today it has closed the beta testing of its new e-mail service and plans to  roll it out to some 254 million users over the next six weeks.
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Yahoo is the latest firm to move off the web and onto PCs, offering search tools for desktops.
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By Michael Liedtke Associated Press  SAN FRANCISCO - Yahoo! Inc. is tackling its most difficult challenge since the dot-com bust with sweeping organizational changes aimed at cleaning up a mess of the Internet icon's own making.
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Yahoo! gets into the game with its latest acquisition.
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Yahoo! is kicking the tires of a new social job-networking website.
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Even before Microsoft offered its buyout bid, Yahoo acknowledged plans to lay off about 1,000 workers. Now, those layoffs are under way, regardless of Microsoft's acquisition hopes, with pink slips being handed to the leaders of Brickhouse and Yahoo Personals, among others.
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Yahoo Inc. on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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Google and Yahoo announced today that they have resolved two contentious issues between the companies.
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Yahoo is likely to cut hundreds of jobs later this month, report says.
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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;
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Yahoo said yesterday that it would offer severance packages to employees affected by any change in control of the company as analysts predicted that Microsoft would wage a proxy battle rather than increase the value of its takeover bid.
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Yahoo has quietly expanded its local business listings and rolled out a service that gives businesses control over their listings in Yahoo Local through a new paid inclusion program.
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Yahoo said yesterday that Wenda Harris Millard, its longtime chief sales officer, is leaving amid a reorganization of Yahoo's sales team.
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Yahoo has introduced two new severance plans that will protect its employees if&#160;Microsoft&#39;s unsolicited takeover bid&#160;is successful, it said in filings with the U.S. Securities and Exchange Commission (SEC) on Tuesday.The new plans filed make all full-time employees eligible for severance pay equal to base salary for four months to 24 months, depending on the employee&#39;s job level. Health and dental coverage is also included.The maximum protection of 24 months&#39; salary will be offered to CEO Jerry Yang, Chief Financial Officer Blake Jorgensen, and certain other executives still employed by the company and named in the SEC proxy filing for Yahoo&#39;s 2007 annual general meeting. That list includes former CFO Susan Decker, now president of the company, and Executive Vice President, General Counsel and Secretary Michael Callahan. Others listed in the proxy filing have already left the company, including former Chairman Terry Semel, former Chief Operating Officer Daniel Rosensweig and former Chief Technology Officer Farzad Nazem.The benefits take effect if an employee&#39;s contract is terminated without cause by Microsoft -- or another acquirer -- or if the employee leaves with good reason within two years of a change of ownership.The severance plans are designed to help retain employees, help maintain a stable work environment and provide certain economic benefits to the employees in the event their employment is terminated, according to Yahoo.Yahoo&#39;s filing came the same day that news reports suggested Microsoft is preparing a campaign to win shareholder support for changes to Yahoo&#39;s board.&#160;
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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¦
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Following investor pressure for a  management shake-up, Yahoo Inc.  Chairman and Chief  Executive Terry Semel is stepping aside and will be replaced as  CEO by co-founder Jerry Yang, Yahoo said on Monday, sending  shares up 3.5 percent in extended trade.