Yahoo!: 2,000 people will be notified of job elimination

Yahoo! confirmed that it is taking important next steps to reshape the company for the future. The company will begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition.

"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. 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," said Scott Thompson, CEO of Yahoo!. "Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they’ve contributed to Yahoo!."

Yahoo! has a solid foundation - nearly 700 million users and thousands of advertisers that engage with Yahoo! properties regularly and trust the company with their data and their business. 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. With a clear focus on profitability and growth, the company will be disciplined in its investments and radically simplify how it builds, launches and maintains many of its properties and products.

Yahoo! expects to realize approximately $375 million of annualized savings upon completion of all employee transitions. The company currently expects to recognize the majority of an estimated $125 to $145 million pretax cash charge relating to employee severance in its second quarter financial results. The company may incur additional charges in connection with this action. More information will be provided about Yahoo!’s future direction in conjunction with the release of its first quarter financial results on April 17, 2012.

 [April 5, 2012]

Send this IT news to a friend
Recipient :
(enter the e-mail address of the recipient)

(enter your name)

(enter your e-mail address)


Other IT news about Yahoo!

  • TouchPal Announces Strategic Partnership With Yahoo (June 19, 2015)
  • Acquisio to Host Digital Marketing Summit in Montreal Sponsored by Bing and Yahoo (June 19, 2015)
  • comScore Announces Global Integration with Flurry from Yahoo to Bring Independent Audience Measurement to Mobile App Publishers (February 20, 2015)
  • SoMedia Expands Direct Channel and App Integrations (September 5, 2014)
  • Yahoo and comScore Partner to Expand Global Access to Ad Measurement (April 29, 2014)
  • WePay Raises $15 Million in Series C Funding to Grow its Payments API for Platform Businesses (January 16, 2014)
  • Yahoo!’s Adam Besserman To Keynote Createasphere’s TransVergence Summit (July 15, 2013)
  • Yahoo! Brings Fans the Exclusive Global Online Live Stream of the Rolling Stones 50TH Anniversary Concert on December 15 (December 6, 2012)
  • TOUCHDOWN — Yahoo! Sports Scores with New Fantasy Football Features Across Multiple Devices (August 22, 2012)
  • Yahoo! Maktoob Presents The Internet Show in Abu Dhabi from 27-28 September 2011 (September 26, 2011)
  • Yippy (YIPI) Partners With Yahoo! (YHOO) for Education (August 5, 2011)
  • Ensequence Supports Interactive TV on Connected TV Platforms (May 17, 2011)
  • YouTube Founders Acquire Delicious from Yahoo! (April 28, 2011)
  • Yahoo! Acquires IntoNow; Technology Allows Users to Find, Discuss and Follow Television Programs (April 26, 2011)
  • Microsoft Sites Jumps to Second Place in Video Content Ranking in the US (March 18, 2011)
  • Yahoo! and Omnicom Partner to Educate Brands on the Power of Digital Storytelling (March 14, 2011)
  • Yahoo! and Microsoft Gain Ground on Google With Increased Share of Paid Clicks; Ad Environment Favorable (January 28, 2011)
  • Yahoo! Demonstrates the Future of Television With Leading TV Networks and Advertisers at CES (January 7, 2011)
  • NASA and Tech Partners Encourage Information Exchange (November 22, 2010)
  • Baidu & Yahoo! Fight for Market Share as Advertising Budgets Continue Shift to the Internet (November 16, 2010)
  • Yahoo! Transforms Communications With Faster, Easier, and More Social Yahoo! Mail Beta (October 27, 2010)
  • Paul Allen’s Interval Licensing Files Patent Infringement Lawsuit Against AOL, Apple, eBay, Facebook, Google, Netflix, Yahoo, YouTube and others (August 31, 2010)
  • Interval Licensing Files Patent Infringement Lawsuit Against Web Search Companies (August 30, 2010)
  • Social Connect Welcomes Yahoo Personals Users to Facebook App (May 28, 2010)
  • Nokia and Yahoo! to Bring Integrated Web Services to Millions of Consumers Around the World (May 24, 2010)
  • Bing Gains Big in Q1 Search Spend - Google Up 3 Percent to Microsoft’s 10 Percent, According to WebVisible Quarterly Report (April 16, 2010)
  • Tungle Corp. Expands Its Reach to Additional 500K Worldwide Users of Gmail, Yahoo, AOL and Hotmail (April 9, 2010)
  • Yahoo! Pioneers New Era in Mobile Search; Launches Yahoo! Sketch-a-Search and Yahoo! Search iPhone Apps (March 25, 2010)
  • Yahoo! Continues to Extend Mobile Presence by Providing Millions of Telefónica Customers Across Spain (March 19, 2010)
  • Yahoo! Partners with Twitter to Integrate Content and Social Experiences from Across the Web (February 24, 2010)
  • Yahoo! and Microsoft to Implement Search Alliance (February 22, 2010)
  • Monster to Acquire HotJobs Business and Enter into Multi-year Traffic Agreement with Yahoo! (February 4, 2010)
  • Yahoo! Introduces Ad Interest Manager (December 8, 2009)
  • Yahoo! Announces Open Source Distribution of Traffic Server (November 4, 2009)
  • Bing US Market Share Stabilises but Yahoo! Continues Fall - StatCounter (November 3, 2009)
  • Yahoo! Sets Out to Personalize its Signature Yodel (October 14, 2009)
  • Yahoo! Puts Its Focus on “Y!ou” (September 23, 2009)
  • Yahoo! Signs Strategic Partnership with Matchmove Games to Offer Consumers Hundreds of Popular Casual Game Titles (September 21, 2009)
  • Research and Markets: Microsoft and Yahoo Company Analysis: Microsoft/Yahoo Deal Changes White Label Search Landscape (August 31, 2009)
  • comScore Study Highlights Challenges and Opportunities for Microsoft-Yahoo! Search Partnership (August 17, 2009)
  • Yahoo! and AT&T Interactive to Drive Consumers to Local Businesses (July 23, 2009)
  • Sonic Solutions to Deliver New Movies Via Yahoo! TV Widgets and Reach Millions of Viewers Through Internet Connected TVs (July 14, 2009)
  • to Provide Premium Photo Editing Direct From E-mail Accounts (June 9, 2009)
  • AdventureLink Names Senior Yahoo! Executive Jeff Dossett as CEO (June 1, 2009)
  • Yahoo! Enables Marketers to Deliver Smarter Ads on the Web and on Mobile Phones (May 25, 2009)
  • oDesk Launches oDesk Groups; Announces Partnerships with Yahoo!, Network Solutions, and More (May 15, 2009)
  • Yahoo! sets new industry privacy standard with data retention policy (December 18, 2008)
  • and Yahoo! to Deliver Keynotes at Predictive Analytics World, February 18-19, 2009, in San Francisco (December 5, 2008)
  • Competition Bureau Canada: Google Inc. Terminates Advertising Agreement With Yahoo! Inc. in Canada (November 6, 2008)
  • Yahoo! and Ticketmaster to offer tickets to internet’s largest sports and entertainment audience (October 8, 2008)
  • Novarra Extends Partnership With Yahoo! for Mobile Web Transformation (September 16, 2008)
  • Sprylogics’ Search Engine Technology Leverages Yahoo! Search BOSS (July 14, 2008)
  • Yahoo! Announces Global Availability of Two New Email Domains (June 20, 2008)
  • Microsoft Issues Statement Regarding Yahoo! (June 13, 2008)
  • Yahoo! to Strengthen Competitive Position in Online Advertising Through Non-Exclusive Agreement With Google (June 13, 2008)
  • YAHOO! and McAfee Partner to Make Searching the Web More Secure For Users (May 7, 2008)
  • Microsoft Comments on Yahoo!-Google Announcement (April 10, 2008)
  • Microsoft Sends Letter to Yahoo! Board of Directors (April 7, 2008)
  • Dunkin’ Donuts and Yahoo! Partner to Help Busy People Start Their Day With the News They Need (March 10, 2008)
  • ZipLocal adds online powerhouses Google and Yahoo! Search Marketing to online advertising arsenal (March 3, 2008)
  • Microsoft Responds to Yahoo! Announcement and Reiterates Full and Fair Proposal for Microsoft-Yahoo! Combination (February 12, 2008)
  • Yahoo! Board of Directors Says Microsoft’s Proposal Substantially Undervalues Yahoo! (February 11, 2008)
  • Google responds to Microsoft’s Bid on Yahoo! (February 5, 2008)
  • Microsoft Proposes Acquisition of Yahoo! for $31 per Share (February 1, 2008)
  • Microsoft, Google, & Yahoo! Pay Millions to U.S. for Their Past Promotion of Illegal Gambling (December 25, 2007)
  • IBM Announces Enhancements to Free Enterprise Search Software (November 29, 2007)
  • Rogers and Yahoo! Expand Strategic Relationship (November 5, 2007)
  • Yahoo!, eBay and PayPal Join Forces to Fight E-mail Fraud and Phishing Scams (October 8, 2007)
  • Yahoo! Shopping First to Include Security Information in Comparison Shopping (August 15, 2007)
  • New Yahoo! Messenger for the Web Empowers Global Users to IM Anywhere, Anytime (August 2, 2007)
  • Yahoo! Enters into Deal with Halifax-based (July 11, 2007)
  • Yahoo joins TLN as online Partner (July 9, 2007)
  • Microsoft/Yahoo Merger -Significant boost for Microsoft but with thorny challenges (May 7, 2007)
  • Yahoo! Announces Agreement to Acquire Right Media (May 1, 2007)
  • Yahoo!, AOL, eBay, & Travelocity To Teach "How to Win Online" in Atlantic Canada (April 25, 2007)
  • Yahoo! Search Marketing and Connect Australian Internet Searches with Relevant Advertisers (March 14, 2007)
  • MTV and Yahoo! Working With Mark Burnett Productions Join Forces to Shine the Spotlight on Fans & Aspiring Filmmakers With ’MTV Movie Awards on Yahoo!’ (March 12, 2007)
  • Amazon, Google, and Yahoo! Executives to Keynote at CMP Technology and O’Reilly Media’s WEB 2.0 Expo (February 13, 2007)
  • Announces Search Distribution Agreement With Yahoo! Canada (February 8, 2007)
  • Yahoo! Search Marketing launches in Canada (February 6, 2007)
  • ONSPEED Announces Revenue Share Partnership With YAHOO! (February 2, 2007)
  • Opera Names Yahoo! Exclusive Global Partner for Mobile Search (January 8, 2007)
  • 3 Group and Yahoo! Extend Strategic Alliance to Bring Yahoo! Go for Mobile 2.0 and Yahoo! oneSearch to Consumers (January 8, 2007)
  • Yahoo! Re-Aligns Organization to More Effectively Focus On Key Customer Segments and Capture Future Growth Opportunities (December 6, 2006)
  • Yahoo! Chooses Teleglobe Voice Peering Services (December 4, 2006)
  • Adds Human Insight From Yahoo! Answers (November 20, 2006)
  • Yahoo! Executive Steve Mitgang to Deliver VentureNet 2006 Keynote (September 7, 2006)
  • Yahoo! and Microsoft Bridge Global Instant Messaging Communities (July 13, 2006)
  • Yahoo! unveiled a preview of the New Yahoo! Home Page (May 16, 2006)

    Website based on SPIP, an Open Source program under GNU/GPL licence