Yahoo! Layoffs Coming (YHOO, GOOG, MSFT)
March 30, 2012 by Paul Ausick
A report at The Wall Street Journal’s All Things Digital blog, cites several sources confirming that Yahoo! Inc. (NASDAQ: YHOO) will begin firing workers next week. The company employs about 14,000 people, and the layoffs could affect thousands of employees, not counting contract employees of which Yahoo has many and who are almost always the first to go when layoffs start.
New Yahoo CEO Scott Thompson has been discussing with both Google Inc. (NASDAQ: GOOG) and Microsoft Corp. (NASDAQ: MSFT) the sale of Yahoo’s advertising technology and perhaps even its search business to either company. Those two areas of the company employ about 2,500 people.
Thompson is also discussing a re-organization of the company into two divisions: a global media group comprising the communications and search businesses; and a global sales group. A relatively small R&D group may also survive.
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.