Monday, 5 March 2012

Yahoo preparing to lay off thousands of staff

                    Yahoo Inc. offices, housing its Search Marketing Group, are pictured in Burbank, California, October 14, 2010. REUTERS/Fred Prouser

The moves could be announced as soon as the end of the month and would represent the first major changes under CEO Scott Thompson, the former PayPal president who took the top job at Yahoo in January.
The changes at the struggling Web pioneer, which recently hired the Boston Consulting Group, will focus on its products group, as well as on research, marketing and public relations and businesses that are not core to the company. This is coming after reports of major restructuring looms in the company, due to its recent finanl reports.

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