Yahoo Restructuring Might Include Thousands of Layoffs

By Bizclik Editor

Yahoo is reportedly about to go under more major restructuring after the recent resignation of former co-founder and CEO Jerry Yang. Scott Thompson, the struggling Internet media company’s new CEO, is rumored to be working with Boston Consulting Group on creating a restructuring plan, according to a report by All Things Digital. The plan could be released to the public as early as late March.

Both Boston Consulting Group and Yahoo did not comment or substantiate the report.

RELATED ARTICLES

Yelp Stock Surges in Stock Market Debut

Apple Expected to Unveil iPad 3 Next Week

Nokia Unveils Smartphone with 41 Megapixel Camera

Siri’s Sibling Launches Intelligent Discovery Engine

Read the latest Business Review USA!

Thompson is the latest in a series of Yahoo leaders looking to turn the fortunes of the search engine company around. His approach has been much more aggressive than previous leaders, with his first act as CEO being to threaten patent litigation against Facebook.

"In 2012 we will be aligning resources behind key areas of focus to enable us to move aggressively in market and grow our business, bringing innovative new products and experiences to both our users and advertisers," Yahoo chief executive Scott Thompson said at the time of his appointment.

Unfortunately, the most recent change was the resignation of Yahoo Labs head Prabhavar Raghavan, who is leaving Yahoo for Google. Rumors say that Raghavan’s leaving was motivated by expected job and money cuts to the Yahoo research and development department.

It seems Yahoo has lost its way as other Internet players such as Google, Apple, and Facebook have steered safely to success. Hopefully the new restructuring will bring about positive changes and positive revenue for the company.

Share

Featured Articles

Hema Gokal: leading the Salesforce women's equality strategy

Always passionate about giving women a seat at the table, Hema Gokal is now spearheading Salesforce’s innovative new global female equality strategy

Top 10 cybersecurity specialists in the US

As cyber attacks grow in frequency and become increasingly sophisticated, Business Chief looks at the top 10 cybersecurity specialists in the US.

Silicon Valley Bank collapse: How did we get here?

US authorities have stepped in to protect all Silicon Valley Bank customers following the second-largest bank failure in the country's history

Top 10 best new leadership books by women to read in 2023

Leadership & Strategy

Eight of the best business leadership podcasts

Leadership & Strategy

CEO John Pagano, leading Saudi Arabia's Red Sea Global

Leadership & Strategy