Yahoo Downsizing in the United States
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...