InfoAnda - Yahoo to lay off 2,000 employees |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

SKorea's top diplomat urges NKorea to disarm | 19 October 2009
Film on 19th century "freak" impresses in Venice | 9 September 2010
Lebanon to bury slain intelligence official | | 21 October 2012

Syria says US permits money transfer to charity | 16 February 2009

Forum Views () Forum Replies ()

Read more with google mobile : Yahoo to lay off 2,000 employees |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read White House in damage control over Obama Supreme Court remarks 04 Apr 2012 Americans brace for next foreclosure wave 04 Apr 2012 With new momentum, Romney accuses Obama of hiding 04 Apr 2012 Google takes wraps off Web-based digital glasses 04 Apr 2012 White House in damage control over Obama Supreme Court remarks 04 Apr 2012 Discussed 794 Obama confident Supreme Court will uphold healthcare law 236 Government plans to sue Arizona sheriff for targeting Latinos 181 As Paul’s White House campaign fades, supporters face choices Watched World's biggest car delivery centre Wed, Apr 4 2012 Rare Indochina tigers thrive in Berlin Tue, Apr 3 2012 Massive tornado churns across Texas Tue, Apr 3 2012 Yahoo to lay off 2,000 employees Tweet Share this Email Print Related News Facebook launches patent counterattack against Yahoo Tue, Apr 3 2012 Yahoo layoffs to begin next week: report Fri, Mar 30 2012 EBay taps tech entrepreneur to lead PayPal Thu, Mar 29 2012 Third Point CEO to continue fight over Yahoo board Wed, Mar 28 2012 Google proposes Android revenue for Oracle: filing Wed, Mar 28 2012 Analysis & Opinion Companies must examine users, not just suppliers Corporate governance: succession planning through crises and emergency transitions Related Topics Tech » Media » A Yahoo! signs sits out front of their headquarters in Sunnyvale, California in this February 1, 2008 file photo. Credit: Reuters/Kimberly White/Files By Alexei Oreskovic and Sarah McBride Thu Apr 5, 2012 3:54am EDT (Reuters) - Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth with a leaner, more agile company while saving hundreds of millions of dollars. Wall Street's reaction was lukewarm, after two previous Yahoo CEOs failed to find an answer to rivals like Web-search leader Google and the Facebook social-networking site. Sunnyvale, California-based Yahoo, which ended 2011 with some 14,000 employees, said it would save $375 million annually from the cuts and incur a pre-tax cash charge in the second quarter of $125 million to $145 million. The company declined to comment on severance details. Some analysts were skeptical about the widely expected layoffs, which weren't accompanied by details of Yahoo's broader plan to revamp its business. "You can't cut your way to revenue growth," said Colin Gillis of BGC Partners. "What people want to see out of Yahoo is ... a plan and provision for revenue growth." Third Point, an activist hedge fund that is waging a proxy fight to install a slate of handpicked directors on Yahoo's board, described the layoffs as "necessary." But the hedge fund, Yahoo's largest shareholder with a 5.8 percent stake, said in a statement that it was "disappointed that this round of cuts occurred before CEO Scott Thompson has articulated his strategic plan for the company." Thompson, in all-staff memo obtained by Reuters, said the changes would transform Yahoo into a leaner outfit that focuses on its main businesses, which he identified as "core media and communications," "platforms" and "data." "The changes we're announcing today will put our customers first, allow us to move fast, and to get stuff done," Thompson said in the memo, adding that the changes would result in a "smaller, nimbler, more profitable" company. "We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," Thompson wrote in the memo. Macquarie Research's Ben Schachter saw the layoffs as a start in determining the new direction of the company. "Scott Thompson is not there to tweak the business," Schachter said. "He saw something in the assets to make him think there was potential." A Yahoo spokeswoman said that every organization within the company was affected by the layoffs but that some groups were affected more than others. She declined to specify the groups most affected. Yahoo said it would provide more details of its plans when it releases first-quarter results on April 17. The layoffs come as Yahoo's revenue declines due to competition from Google and Facebook. Last year, Yahoo's revenue totaled $4.98 billion, compared with Facebook's $3.71 billion, accomplished with just 3,200 employees. Yahoo is also fighting a battle with hedge fund manager Daniel Loeb. Loeb, who runs Third Point, is seeking to appoint four new directors to Yahoo's board. Third Point, with a 5.8 percent stake in Yahoo, is the company's largest shareholder. Yahoo's shares ended up down 0.6 percent $15.27 on the Nasdaq. The Nasdaq market dropped nearly 1.5 percent. (Editing by John Wallace, Maureen Bavdek, Tim Dobbyn and Steve Orlofsky) (This story was corrected in the final paragraph to read "up 0.6 percent" instead of "down 0.6 percent") Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Thursday, 5 April 2012
With $10 million bounty on his head, Pakistan militant taunts U.S |
Greek pensioner kills himself outside parliament |
U.S. to begin targeted easing of Myanmar sanctions: Clinton |
Wounded survivor revisits massacre island as Norway trial looms |
U.S.-Afghan deal could delay operations, curb raids |
Angry soccer fans shake Egypt's fragile peace |
Mali postpones talks, Qaeda stokes fear |
Twitter heads to Motown to be closer to automakers |
Madonna keeps pop crown, MDNA tops Billboard chart |
LA's Getty Center puts Herb Ritts in perspective |
Stephen Colbert wins Peabody Award for SuperPAC satire |
Justin Bieber makes highest Billboard debut with Boyfriend |
TV's Magic City revels in glamour, grit of 1950s Miami |
Ryan Seacrest to join NBC London Olympics team |
With $10 million bounty on his head, Pakistan militant taunts U.S. |
Chavez back in Venezuela after more cancer treatment |
Clashes erupt near Syrian capital |
Analysis: South Korea's unloved chaebol |
MNLA rebels say military operations over in northern Mali |
South Yemen airstrikes kill at least 10: official |
Blast on Iraq Kirkuk-Ceyhan pipeline shuts oil flows |
Japan rushes to restart reactors to avoid total shutdown |
Exclusive: Key China insurer to stop covering tankers with Iran oil |
Nigeria says Boko Haram kills 7 in northeast market |
Insight: In Bangalore, a remake to avoid being Bangalored |
Apple, two publishers hold out against settlement: report |
European hackers suspected in Utah Medicaid files breach |
Google takes wraps off Web-based digital glasses |
Court picks terms in Apple/Samsung patent case |
U.S. eyes quick expansion of technology trade pact |
Sony: CEO Hirai to brief on business plan on April 12th |
Telecoms' texting nemesis WhatsApp says it's no threat |
Yahoo to lay off 2,000 employees |
One-fifth of U.S. adults read e-books as market booms: survey |
Houston drowned in very hot water, cocaine in system |
Syria revolt hampered by disunity, supply failures |
Over 30 reported dead in Syria despite truce talk |
Mali's Tuareg rebels say military operations over |
Italy Northern League leader Bossi resigns amid scandal: source |
Brazil wants BRICS united in World Bank choice |
Malawi president critical after heart attack |
Exclusive: Safety check backlog at UK oil rigs |
UK's Cameron rating hits lows after bruising fortnight |
Greek suicide a potent symbol before election |
Facebook e-commerce: the next big thing? |
Taking Note: Is Samsung's phablet the shape of things to come? |
Viacom video lawsuit vs Google's YouTube revived |
Guitar amplifier pioneer Jim Marshall dies aged 88 |
Oprah's next mission: Win advertisers with OWN vision |
Disney Channel stars speak out against cyberbullying |
London music fest gambles on little-known Nancarrow |
Boom in Nordic crowdsourcing takes in film, lawmaking |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01