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Thursday, April 5, 2012

UPDATE 2-Yahoo plans Tuesday reorganization meeting-source - Chicago Tribune

yahoo - Google News
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UPDATE 2-Yahoo plans Tuesday reorganization meeting-source - Chicago Tribune
Apr 5th 2012, 23:12

Reuters

5:10 p.m. CDT, April 5, 2012

By Alexei Oreskovic

SAN FRANCISCO, April 5 (Reuters) - Yahoo Inc CEO

Scott Thompson will outline his long-term strategy and vision
for the struggling Internet company at an all-hands meeting for
staff next Tuesday, a source at the company told Reuters, days
after Thompson announced the deepest round of job cuts in years.

The company, once a dominant Internet media and search
powerhouse which has seen its growth eclipsed by Google Inc
and Facebook, announced this week it would lay off
2,000 people and set in motion a broad restructuring. It did not
provide details of that plan.

The reorganization meeting on Tuesday is likely to focus
around the three main businesses that Thompson cited in a memo
to staffers on Wednesday: "core media and communications,"
"platforms" and "data."

Thompson told staffers in a company-wide memo obtained by
Reuters on Thursday that he and other Yahoo managers would
provide information about "comprehensive plans" for Yahoo's
future during next week's meeting.

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