Yahoo Downsizing in the United States
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Yahoo Downsizing in the United States Downsizing at Yahoo have been doing the rounds since Terry Semel (former CEO since 2001) left Yahoo last June 2007. Co-founder Jerry Yang, the interim CEO, no doubt would like to save as many jobs as possible. He has promised to focus on three objectives: Becoming a starting point for consumers on the Web; Making the company a top choice for marketers seeking to place ads on sites across the Web; And opening Yahoo’s technology infrastructure to third-party programmers and publishers. Cause of downsizing: * To reduce costs and narrow its focus to its most important businesses * Yahoo shares fell more than 10 percent, to levels of more than three years ago. * Yahoo was planning to expand its base in India. Yahoo has begun narrowing the focus of its portal on a few key areas, including its front page, the personalized home page service MyYahoo, search, mail, and properties like news, finance and sports. Improvements to those s...