Yahoo’s CEO considering major restructuring, thousands of layoffs
He has only been on the job for two months, but Yahoo’s new chief executive, Scott Thompson, is already preparing a bold attempt to turn around the struggling Internet company.
Thompson is weighing a significant restructuring of Yahoo that could include thousands of layoffs, according to technology blog All Things D.
The moves, the first major ones from the former PayPal president, could be announced as early as this month, Kara Swisher reported, citing anonymous sources.
Yahoo recently hired the Boston Consulting Group to focus on the cuts to its products group. Cuts may also target research, marketing and public relations and other areas that Thompson does not consider central to Yahoo.
Yahoo had 14,100 employees at the end of 2011.
-- Jessica Guynn, Los Angeles Times