Yahoo! To Cut 2,000 Jobs In 2012
Yahoo! have confirmed that it is to cut 2,000 jobs, equal to 14% of its workforce as they aim to transform into a “bold, new Yahoo!”.
A massive leap for the company, they are expected to save $375 million in the restructuring plans, with the cuts likely to affect marketing and development areas the hardest.
“Today’s actions are an important next step toward a bold, new Yahoo!,” said Yahoo CEO Scott Thompson.
“Smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require.
“Our goal is to get back to our core purpose – putting our users and advertisers first – and we are moving aggressively to achieve that goal.”