Yahoo pondering sell-off, still interested Hulu In the wake of Yahoo CEO Carol Bartz’s sacking, a report has suggested that Yahoo is still open to a sell-off, but also remains interested in bidding on Hulu. Citing people ‘familiar with the matter,’ the Wall Street Journal reports that the ousting of Bartz came after a review of Yahoo’s performance by independent directors. A change in leadership was considered to be the only way forward. The same review also kept the option of selling the company on the table as well. With Yahoo’s fortunes continuing to slide under Bartz’s tenure, the
A whole flock of tech CEOs are taking on turnaround projects. Who's got the toughest job ahead of them?Yahoo
The Rise: If you remember the "Yahoo yodel," you'll probably also remember a time when the Internet giant was synonymous with search. Founded in 1994 by Jerry Yang and David Filo, Yahoo rose to great heights thanks to effective search, email, and media services, netting a lofty stock price of $118.75 a share circa January 2000
Yahoo Inc.'s holiday trimmings will include 600 to 700 layoffs in the Internet company's latest shake-up triggered by lackluster growth.
Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo's plans. The person asked for anonymity because Yahoo hadn't made a formal announcement.
The planned cutbacks represent about 5 percent of Yahoo's work force of 14,100 employees. It will mark Yahoo's fourth mass layoff in the past three years.
Yahoo Inc called a media report it was planning to cut one-fifth of its workforce "misleading and inaccurate," but the Web portal stopped short of ruling out any layoffs.
Yahoo, which is trying to revive revenue growth amid competition from search giant Google and fast-growing social networking services like Facebook, said in an emailed statement on Thursday it is "always evaluating expenses to align with the company's financial goals."
Yahoo is gearing up to announce the departures of three top executives later this week, including executive VP Hilary Schneider, who reportedly has been wanting to leave for a while and is finally ready to move on, according to a post on the All Things D Boomtown Blog.
The blog, which cites unnamed sources, implies that the shakeup - the departures of Schneider, U.S. Audience head David Ko and VP of Media Jimmy Pitaro - puts CEO Carol Bartz in an even tougher spot
“That’s going to fall apart for them,” said Carol Bartz, CEO of Yahoo, last week regarding Apple’s iAd platform. Fair is fair, if that’s her opinion of the product. However, where it gets somewhat humorous / interesting / strange is when you consider that her company, Yahoo, is actually one of the companies using Apple’s iAd platform for their advertising. You’d think the CEO of a large tech company would check to make sure that her company isn’t currently using a product she claims isn’t going to work.