Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

05 Mar 2012 11:04

tags

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?
Posted by Ernie Smith • 0 Comments • Permalink

04 Jan 2012 20:05

tags

Biz: Yahoo tabs PayPal president Scott Thompson as new CEO

  • Yahoo picks the new boss: Scott Thompson, the president of eBay’s PayPal division, has been picked by Yahoo as its new CEO, replacing CFO Tim Morse who filled that role in an interim capacity. This marks the fourth CEO Yahoo has turned to in under five years; the company, once a giant in the world of search engines, has understandably suffered with the seemingly unstoppable ascendancy of Google over the past decade. Thompson faces a tall task — he’s being looked to, as chairman Roy Bostock said, “reignite innovation and drive growth” — this for a company that’s had a ton of trouble with both. source
Posted by Chris Tognotti • 0 Comments • Permalink
 
 
top tags