The new chief executive of troubled tech giant Yahoo is planning a major reorganization that could result in “thousands” of layoffs, according to a new report by AllThingsD’s Kara Swisher. Such a shakeup, which could begin as soon as the end of the month, would be only the latest attempt by Yahoo to reinvigorate its business after years of decline.
New CEO Scott Thompson, who joined the company following the departure of Carol Bartz last fall, has embarked on a mission to get Yahoo’s house in order. As part of that effort, he has brought in Boston Consulting Group to help identify the company’s strengths and best position it for the road ahead. The layoffs could affect Yahoo’s products division, as well as “public relations and marketing, research, marginal businesses and weaker regional efforts,” according to the report.
In an ominous sign for Yahoo’s 14,000 employees, Swisher reports that although Yahoo has experienced rounds of layoffs in the past, “none has been as large as what is now being contemplated to slash costs.” One manager is quoted as saying that the cuts will be “deep.”
Read more: http://business.time.com/2012/03/06/new-yahoo-ceo-prepares-thousands-of-layoffs-report/#ixzz1oNbwuiu9
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