Yahoo restructuring to cost thousands of jobs
Ryan Martin / 5 years ago
The Yahoo CEO is reportedly working on radically restructuring things at Yahoo. The restructuring move could see thousands of Yahoo employees lose their jobs. The restructuring at the company will take effect by January 2013. This will be Yahoo’s first change under its new CEO Scott Thompson who has arrived from PayPal. The restructuring will focus on products group, research, marketing and public relations, and businesses that are not core to the company. “As we have indicated, our leadership is engaged in a process that will generate significant strategic change at Yahoo, but final decisions have not yet been made at this point. Beyond that, we will not comment,” Yahoo said in a statement given to Reuters.