Yahoo! confirms 2,000 job cuts

News Broadband Global 5 APR 2012
Yahoo! confirms 2,000 job cuts
Yahoo! confirmed plans to cut 2,000 jobs as part of a broader restructuring at the internet company. Yahoo! said the restructuring will focus on developing a quicker response to customer needs and competing more effectively in areas where it has a strong position. The company has identified a group of core businesses where it will intensify efforts and redeploy resources globally. More details on the new strategy will be announced at its first-quarter report on 17 April. Yahoo! expects the restructuring to lead to USD 375 million in annual cost savings and a USD 125-145 million one-time charge for employee severance in Q2.

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Internet

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Yahoo!

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Global

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Portals / social media, Advertising services

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