Yahoo preparing massive restructuring, thousands of jobs in jeopardy
Newly appointed Yahoo CEO Scott Thompson is said to be preparing a major restructuring plan that includes a vast number of layoffs. Multiple sources have told All Things D that thousands of employees at the Internet giant could be looking for a new job as early as the end of this month.
The layoffs are believed to be targeting multiple facets of the company including marketing and public relations, research, marginal business and Yahoo’s large products organization; all are divisions that the company has fallen behind on in recent times.
Yahoo implemented a company-wide hiring freeze in January as part of a cost-reduction initiative drawn up by Thompson. It was noted at the time that additional measures would likely be needed to set Yahoo back on the right path.
