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.<\/p>\n
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.<\/p>\n
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.”<\/p>\n
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.<\/p>\n
“The immediate next step for all of us is to get clear on our goals, and then take action and move,” he said in the memo.<\/p>\n
One key question involves how the product and technology group, headed by Blake Irving, fits into the three new pillars of the company.<\/p>\n
According to the source, Irving has been out of the office on vacation this week, with the future of his team and his role uncertain.<\/p>\n
Wednesday’s layoffs slashed 14 percent of Yahoo’s headcount and cut across all of Yahoo’s organizations, including marketing, research and product groups.<\/p>\n
The fate of several Yahoo businesses remains uncertain, particularly the search business, according to the source, who wished to remain anonymous because the comments involved company matters. While Yahoo struck a deal with Microsoft Corp in 2009 to outsource much of its search operations, Yahoo still employs roughly 1,800 staffers for search, the executive said.<\/p>\n
Yahoo declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"
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