12 Apr '12, 8pm

Yahoo Reorganizes in Face of Dropping Market Share: First, let's take a look at the layoffs. The firing of 2,000...

The ax started falling at Yahoo last week – and it wasn't pretty. About 2,000 employees got pink slips. With the latest report from comScore, though, one might be forgiven for wondering if it was the correct 2,000.First, let's take a look at the layoffs. The firing of 2,000 employees more than decimated the company's payroll of 14,000. Search Engine Land reported Yahoo's confirmation of the layoffs, and that the beleaguered search engine “expects to realize approximately $375 million of annualized savings upon completion of all employee transitions.” Kara Swisher , who seems to have both excellent sources and very sensitive antenna for which way the wind blows, expected the layoffs to hit hardest in the product division. But no division was immune. Yahoo's local businesses, and its marketing and research divisions, would also feel the pain more deeply than other areas. The...

Full article: http://www.seochat.com/c/a/Search-Engine-News/Yahoo-Reorg...

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