Yahoo to lay off thousands of employees

Mon 2 April 2012 11:00, Tamara Yadvichuk

Reuters reported yesterday that Yahoo! is about to start large-scale restructuring, which will result in thousands of employees losing their jobs. Yahoo! has not commented on the topic so far, but the news has already been picked up by numerous journalists and bloggers.

Reuters cites the blog AllThingsD as the source of information, and the report on the blog itself mentions multiple anonymous sources. According to them, the cuts will be focused on Yahoo’s product, research and marketing departments. Today the company has around 14,000 employees.

According to AllThingsD, Yahoo’s new organizational structure is likely to be the following: there will be a global media division, global and regional sales departments, and the communications and search businesses which will be joined together. Also, there may be a small unit focused on future innovation.

We’ll be waiting for an official statement from Yahoo to clarify the changes they are planning to implement. I’ll keep you posted.

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