Feeds

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

Company doesn't deny reported cuts

3 Big data security analytics techniques

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." ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.