Feeds

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

Company doesn't deny reported cuts

Reducing security risks from open source software

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." ®

Eight steps to building an HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.