Technology, Discovery & Innovation NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
Home Computing Digital Life Discovery Space More Topics...
You are here: Home / World Wide Web / Report: Yahoo CEO Plans Restructure
Report: Yahoo CEO Plans Major Restructuring, Layoffs
Report: Yahoo CEO Plans Major Restructuring, Layoffs
By Jennifer LeClaire / Sci-Tech Today Like this on Facebook Tweet this Link thison Linkedin Link this on Google Plus
PUBLISHED:
MARCH
05
2012


Yahoo CEO Scott Thompson is readying a major restructuring of the company he just took over. That restructuring may include laying off thousands of people.

So says a report in The Wall Street Journal's AllThingsD blog. Reporter Kara Swisher cites multiple sources inside and outside the company in her story, which suggests these sweeping changes could be announced by the end of March and focus on Yahoo's large products organization and other lagging divisions.

"This is yet another reorganization for Yahoo. It's far from clear whether these cuts and any related restructuring will help get the company back on the path toward competitiveness and growth," said Greg Sterling, principal analyst at Sterling Market Intelligence.

"It's one of those I'll believe it when I see it situations. Investors arguably want to see some 'shock therapy.' But how many times can you shock patient before killing it?"

Looking for Investors

Yahoo could not immediately be reached for comment, but AllThingsD reported Yahoo had hired Boston Consulting Group to help the company focus on growth areas and prepare for a more profitable future. Thompson has already made some other major moves since he came on board in January, including putting on hold talks about selling Yahoo's Asian assets and suing Facebook for patent infringement.

The tech industry can take some hints from Yahoo Chairman Roy Bostock's letter to shareholders on Feb. 7. In it, he discusses some of the actions Yahoo is taking to increase shareholder value and position the company for growth.

"We have engaged with potential investors and reviewed proposals concerning an equity investment in the company, although at this time there have not been any proposals which have been deemed by the committee to be attractive to our shareholders," Bostock wrote. "We are also in active discussions with our partners in Asia regarding the possibility of restructuring our holdings in Alibaba Group and Yahoo Japan. The complexity and unique nature of these transactions is significant."

Building a New Board

Yahoo is also working to build a new team of independent directors with the expertise and perspectives needed to drive innovation and growth going forward. Three directors, including Bostock, have volunteered not to stand for re-election at the next shareholders' meeting. Yahoo also elected two new independent directors: Alfred Amoroso and Maynard Webb. Amoroso served as president and CEO of Rovi Corp. until Dec. 2011. Webb is the chairman of LiveOps.

Meanwhile, Yahoo is pushing ahead with its original content strategy. Yahoo on Monday launched Small Business Advisor, a new media property with personalized news, advice and tools for entrepreneurs. Released in beta in late 2011, Yahoo Small Business Advisor aggregates Yahoo original articles plus content from leading business publishers. The site reached 4 million page views just three months into beta. Yahoo on Monday also launched new comedy shows featuring Seth Morris, Mike O'Brien and Ken Marino to the comedy channel on Yahoo Screen.

Tell Us What You Think
Comment:

Name:

Like Us on FacebookFollow Us on Twitter
TOP STORIES NOW
MAY BE OF INTEREST
Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.
MORE IN WORLD WIDE WEB
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Dairy Queen Latest Retailer To Report Hack
Dairy Queen is known for its hot fries and sweet treats, but it just made cyber history as the latest victim of a hack attack. The fast food chain said that customer data at some stores may be at risk.
 
Lessons from the JPMorgan Chase Cyberattack
JPMorgan Chase is investigating a likely cyberattack. The banking giant is cooperating with law enforcement, including the FBI, to understand what data hackers may have obtained.
 
Who Is the Hacker Group Lizard Squad?
Are they dangerous or just obnoxious? That’s what many are wondering about the hacker group Lizard Squad, which tweeted out a bomb threat that grounded a flight with a Sony exec aboard.
 

Enterprise Hardware Spotlight
HP Previews ProLiant Gen9 Data Center Servers
Because traditional data center and server architectures are “constraints” on businesses, HP is releasing new servers aimed at faster, simpler and more cost-effective delivery of computing services.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 
Alert: HP Recalls 5 Million Notebook AC Power Cords
HP is recalling about 5.6 million notebook computer AC power cords in the U.S. and another 446,700 in Canada because of possible overheating, which can pose a fire and burn hazard.
 

Mobile Technology Spotlight
Apple Sets Sept. 9 Event: iPhone 6, iWatch on Tap?
Save the date. Apple formally announced that its long-anticipated “special event," will take place on September 9. Does the tech giant have the iPhone 6, and the iWatch up its sleeve?
 
Samsung's New Smart Watch Makes Calls Without Phone
Following up on the Gear 2, Samsung has unveiled a new 3G smart watch, the Gear S, that stands out in its ability to make phone calls and send text messages without a smartphone.
 
Apple Set To Release Largest iPad Ever
Tech giant Apple seems to have adopted the mantra “go big or go home.” The company is planning to introduce its largest iPad ever: a 12.9-inch behemoth that will dwarf its largest existing models.
 

Navigation
Sci-Tech Today
Home/Top News | Computing | Digital Life | Discovery | Space | Innovation | Health | Science News
Environment
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.