Biz, Tech: The bloodshed begins: Yahoo will reportedly lay off thousands
- 14,100 current Yahoo employees source
- » Word is that a major restructuring is happening: New CEO Scott Thompson (no relation) reportedly plans to cut back heavily at the company, which analysts see as a key example of tech company excess, in an attempt to focus on the things the company does well. While the company has had some recent success (their Open Graph collaboration with Facebook has been a boon, for example), the company has not undeservedly built a reputation of acquiring other companies (for example, Delicious) and letting them languish under the corporate structure. It used to be mentioned in the same breath as Google, but now it’s more likely to be mentioned in the same breath as AOL. Would cuts bring Yahoo back to life?