Yahoo Begins Layoffs
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After declining Microsoft's buyout offer, Yahoo starts the layoffs announced last month.
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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 cofounder Jerry Yang, Yahoo said yesterday.
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Yahoo is likely to cut hundreds of jobs later this month, report says.
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SAN FRANCISCO -- Yahoo Inc. will undergo its most extensive shake-up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction.
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Yahoo suffered availability problems today that affected its home page as well as other Yahoo Web sites and services for a sustained period of time.
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Oracle Corp.  will announce layoffs on Friday as a result of its recent acquisition of PeopleSoft, the company said on Friday.
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As first reported by the Washington Post, America Online is expected to eliminate more than 700 jobs from its workforce next month. The majority of the layoffs will occur at AOL's Dulles, Virginia headquarters where nearly 5,000 are presently employed. Analysts cite AOL's dwindling subscriber base; however, a company spokesperson refused to validate that assertion. Officially, AOL has no comment.
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Yahoo has introduced new severance plans that would give employees up to two years' salary if their contracts are terminated following a takeover.
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By THE ASSOCIATED PRESS  SAN FRANCISCO - Yahoo Inc. will undergo its most extensive shake- up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction.
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Yahoo Inc  is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.
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Yahoo Inc.  is merging the two main parts of its U.S. advertising business after veteran sales executive Wenda Harris Millard resigned, the latest in a string of executive departures.
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Yahoo is restructuring its operations and shuffling its management in the hopes of competing more effectively against nimbler rivals.
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Hundreds of workers are expected to lose their jobs as the struggling internet company implements cost-cutting measures to stop its slide.
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The layoffs come as Motorola completes the spinoff of its semiconductor division. Also: Akimbo Systems signs a deal for content from Time Warner's Turner Broadcasting System & hellip;. PalmSource introduces a smart phone operating system & hellip;. and more.
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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 will reorganize into three new units, as part of a shake-up that will see Chief Operating Officer Dan Rosensweig leave the company.
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Yahoo Inc. is adopting severance plans to take effect if the Web portal is taken over by Microsoft Corp.