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    Yahoo plans Tuesday reorganization meeting: source

    SAN FRANCISCO (Reuters) - Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years.

    The company, once a dominant Internet media and search powerhouse which has seen its growth eclipsed by Google Inc and Facebook, announced this week it would lay off 2,000 people and set in motion a broad restructuring. It did not provide details of that plan.

    The reorganization meeting on Tuesday is likely to focus around the three main businesses that Thompson cited in a memo to staffers on Wednesday: "core media and communications," "platforms" and "data."

    Thompson told staffers in a company-wide memo obtained by Reuters on Thursday that he and other Yahoo managers would provide information about "comprehensive plans" for Yahoo's future during next week's meeting.

    "The immediate next step for all of us is to get clear on our goals, and then take action and move," he said in the memo.

    One key question involves how the product and technology group, headed by Blake Irving, fits into the three new pillars of the company.

    According to the source, Irving has been out of the office on vacation this week, with the future of his team and his role uncertain.

    Wednesday's layoffs slashed 14 percent of Yahoo's headcount and cut across all of Yahoo's organizations, including marketing, research and product groups.

    The fate of several Yahoo businesses remains uncertain, particularly the search business, according to the source, who wished to remain anonymous because the comments involved company matters. While Yahoo struck a deal with Microsoft Corp in 2009 to outsource much of its search operations, Yahoo still employs roughly 1,800 staffers for search, the executive said.

    Yahoo declined to comment.

    (Reporting By Alexei Oreskovic; editing by Andre Grenon, Bernard Orr and Matthew Lewis)

     

    11 comments

    • Kevin  •  Los Angeles, California  •  1 mth 16 days ago
      I wish we could rid ourselves of some of the no-neck cookie-headed bloggers as well.
    • Aaron  •  1 mth 16 days ago
      fire your whole staff and start over
    • nick c  •  San Antonio, Texas  •  1 mth 16 days ago
      fire chris chase and all is well in the world
    • Blue  •  1 mth 16 days ago
      yahoo long-term strategy should be to be truthful and honest. And stop their censoeship and being communist like. Stop leaning so far to the left and stop lying.
    • E.W.O.  •  1 mth 16 days ago
      Captain Coporate CEO strikes AGAIN! Corporate piracy at it's best!!!
    • Fred Offsamee  •  Richmond, Canada  •  1 mth 18 days ago
      Where going to tell you about a picture and then make you watch a video about the picture.
    • CL  •  1 mth 17 days ago
      Reorganization = more layoffs.
    • Niner Punk  •  1 mth 17 days ago
      Fire Chris Chase, cut ties with the Huffington Post and the Daily Beast, provide some balance in political news articles. That would be a good start.
    • Pikachu B  •  Austin, Texas  •  1 mth 18 days ago
      You can't innovate when your managers are on vacation.
    • The Grim Reaper  •  Hayward, California  •  1 mth 18 days ago
      Yahoo! must re-invent search once more. It's one of the pioneering firms of the www era, so it's going to be sad if it fails as a company.

      I had been a Yahoo! use since 1993. My home page remains Yahoo!.

      Jerry Yang & David Filo's "Yet-Another-Hierarchical-Officious-Oracle" should step up to the plate and deliver a major blow in the new realm of Internet search.

      Go, Yahoo!!!!
    • Martyr Machine  •  1 mth 18 days ago
      Maybe layoff all the out-of-touch liberal morons than keep chasing peopel away? No one wants to hear about billionaire celebs anymore. No one wants to see an Obama pep rally everytime they check their email. No one wants to see moronic advice "news" that contradicts reality.

      Use common snese you idiots.
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