Feeds

Yahoo! cutting! thousands! of! jobs! say! sources!

Company doesn't deny reported cuts

Internet Security Threat Report 2014

Yahoo! has declined to deny a report that it is planning another massive series of layoffs as it seeks to grow back to its former glories.

Sources within the company told AllThingsD that every division was being examined for cost-cutting, and that the final number of staff to be let go could be numbered in the thousands. CEO Scot Thompson has apparently ordered that everything is up for grabs, and that divisions which can't turn a profit or show significant growth will be axed.

"Some parts will be cut away, leaving resources to go to better efforts," said one person close to the situation, AllThingsD reported. "But this has to be a true change to get this company back on track."

Thompson faces a tough time trying to get Yahoo! into shape after Carol Bartz was unceremoniously given the boot and he came on board. The company has had a series of poor financial results, and has endured fractious shareholders, the loss of its cofounder Jerry Yang (and other board members), and continuing rumors of trying to sell itself off.

"As we have indicated, our leadership is engaged in a process that will generate significant strategic change at Yahoo," the company told El Reg in an emailed statement, "but final decisions have not yet been made at this point. Beyond that, we will not comment." ®

Intelligent flash storage arrays

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.