Monday, 23 January 2012

Yahoo! to! cut! jobs!

Yahoo!'s new chief executive Scott Thompson is set to mark his debut on the big time by announcing a round of job cuts with the company's Q4 financial results, which are set to come out tomorrow.

The report of the losses was cited by influential and well sourced technology blog AllThingsD, which claims that Thompson is following a strategy of making the business lean in his attempts to turn it around ... a heck of a challenge for anyone to try and tackle with Google and Facebook having hugely eclipsed them over recent years.

Thompson is also set to sell off the company's Asian assets now that co-founder Jerry Yang has left the business, a move that Yang was said to be reticent to have executed while he remained at the firm.

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