ISMagazine.com - Patrick Stevens
What’s the next strategy if you are Silicon Valley’s most infamous, yet most persistent, ‘also-ran’? Just having moved its paid ads over to Bing, and with early reports that it will layoff roughly 5 percent of its workforce (Merry Christmas!) as early as December 14, it seems that Yahoo! is all set to undergo yet another restructuring.
Reuters reports that, Yahoo “plans to lay off more than 600 employees as early as Tuesday,” December 14. Most of these cuts will reportedly be in Yahoo’s product group. Reuters notes that, “(t)he layoffs come two years into Chief Executive Carol Bartz's tenure, as Yahoo works to grow its revenue amid tough competition from Google Inc and Facebook.”