Report: 'Thousands' Of Layoffs Planned At Yahoo
April 2, 2012 at 5:21 AM (PT)
Multiple reports claim YAHOO is close to cutting "thousands of employees," as early as this week, with a restructuring of the company to follow. THE NEW YORK POST reports new CEO SCOTT THOMPSON has brought in top management for a series of meetings TUESDAY and WEDNESDAY to outline the plans.
"Sources said the cuts will be deep and mostly aimed at the product, research and marketing units of YAHOO," writes THE POST. "The ultimate goal, said multiple sources, is to cut many thousands from YAHOO's staff of close to 14,000 employees, which is actually much larger, due to contract workers not officially in its roster."