Sponsored by Oregon Business

Yahoo to cut 14% of staff

| Print |  Email
Must Reads
Wednesday, April 04, 2012

Yahoo is laying off 2,000 employees to cut costs, in a long-expected move.

The company announced cuts of about 2,000 employees, or 14% of its 14,000 work force, but further cuts are expected, said a person familiar with the matter. The layoffs are expected to span Yahoo's many departments, including its marketing division and product group, which builds and maintains new Yahoo websites and mobile apps.
"Today's actions are an important next step toward a bold, new Yahoo—smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require," Chief Executive Scott Thompson said in a statement. "Our goal is to get back to our core purpose—putting our users and advertisers first—and we are moving aggressively to achieve that goal.''

Read more at The Wall Street Journal.

{biztweet}yahoo{/biztweet}

 

 

More Articles

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Downtown flower shop readies for the Valentine's Day rush

The Latest
Monday, February 09, 2015
021015-giffords-thumbBY MEGHAN NOLT

VIDEO: Gifford's Flowers brings family approach to PSU-area shop.


Read more...

Downtime with the president of NAI Norris, Beggs & Simpson

March 2015
Monday, February 23, 2015
BY JESSICA RIDGWAY | OB CONTRIBUTOR

Live, Work, Play: Catching up with Chris Johnson.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

Get on the bus!

April 2015
Thursday, March 19, 2015
BY APRIL STREETER

How the private sector can ride the next transit revolution.


Read more...

2015 100 Best companies announced

The Latest
Friday, February 27, 2015
IMG 0022cneditBY OB STAFF

The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning, and benefits and compensation.


Read more...

10 quotes explaining crisis at Port of Portland

The Latest
Friday, February 20, 2015
022015 port portland OBM-thumbBY JACOB PALMER | OB DIGITAL NEWS EDITOR

The ongoing labor disputes at the Port of Portland came to a head two weeks ago when Hanjin, the container port's largest client, notified its customers it would be ending its direct route to Oregon.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS