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ExtraTorrent.cc > Articles > Yahoo Laid off 2,000 Workers

Yahoo Laid off 2,000 Workers

Yahoo Laid off 2,000 Workers

Added: Wednesday, April 11th, 2012
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2010, www.extrattorrent.com
Troubled Yahoo has been forced into laying off 1/7 of its total global workforce (significant 14%). Industry experts admit that most likely the cuts won’t stop there.

LT-Yahoo-art-420x0.jpg

Yahoo has already axed around 2,000 employees throughout its numerous branches, and the online giant has warned that more may well be yet to come. Yahoo’s Chief Executive Officer Scott Thompson is on the warpath to slash unnecessary debts and decided to do so by shaking the corporation by the collar in so-called “restructuring”.

The company explained that it should save about $375 million annually from laying off the workers. Meanwhile, it is still unclear whether it is coincidence that, since Yahoo is in financial strife, it is also at odds with another online giant – Facebook – which is preparing for an IPO, and looking forward to a large cash settlement.

At the same time, Yahoo’s advertising has been losing out to both Facebook and Google. According to Bloomberg’s report, Scott Thompson faces a struggle against investor Third Point LLC that already owns almost 6% of Yahoo. The company is looking to place 4 of its own nominees (among whom there is Chief Executive Officer Daniel Loeb) onto the board called “sorely in need” of restructuring. The great idea, it has been suggested, is a fire sale.

Everyone understands that the atmosphere can’t have been rosy at the online giant over the last few years. Despite the fact that Yahoo still boasts of being the most popular Internet portal in the United States, it has been under flak for poor management from former Chief Executive Officer Carol Bartz and founder Jerry Yang, who left the building a while ago.

If you recall the latest Yahoo’s attempts to cooperate, you will remember that the possibility of a deal with Chinese Alibaba also fell through.


By:
SaM
April 11th,2012

Posted by: 
SaM

Date:  Wednesday, April 11th, 2012



Comments (5) (please add your comment »)

1
posted by (2012-04-11 22:51:20)
kingtiger01 avatarHere is a Idea... Close.Everything.but.Search.,News.,Email.and.IM. - Why compete in a market, that nothing you do will bring back youre product....

Obviously Facebook has the upper-hand... For now... Just like MySpace once did. Its all about the next best 'Thing'. You need to rebrand, re-release and focus on new products and services to compete in the SAME market...

You cant just change the cover a few times and call it "New" and expect everyone to buy it...

I dont use Y! email, havent in years. I think there news is Biased and the only service i even like is there Instant Messenger. But i dont even use there client because they dont support my primary OS's.

So again i say, "When you grow up, you put away childish things."

---

On a Side note: i think Flickr should be a separate service, i do Use it. But i dont see it as 'Part' of yahoo...

2
posted by (2012-04-12 02:28:58)
Brynn217 avatarI still use Yahoo for my primary Email... and I also use it for my homescreen only because I like how I setup the Myyahoo page... I have my local news, my sports team news and everything right there and its appeasing to the eye....

I have known for a year that Yahoo is ripe for a buy out... Microsoft wants to get into the game with Bing and merging these as well as Match.com might keep Yahoo alive or in another form.... Someone is going to buy them out, expecially when their restructuring gets rid of the fat and makes them look good on paper.....

3
posted by ET junkie (2012-04-12 06:55:21)
No avatarThe can cut as many people as they want. Fact of the matter is they have got the hands in too much stuff that other people do better.

4
posted by (2012-04-13 00:18:00)
No avatarYahoo news is horrible. Biased, made by and for the New World Order. Total garbage.

5
posted by (2012-04-13 14:48:48)
edddy avatar"The company explained that it should save about $375 million annually" it's just about profit.



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