Reuters: Technology News: Yahoo plans Tuesday reorganization meeting: source

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Yahoo plans Tuesday reorganization meeting: source Apr 5th 2012, 22:09 Tweet Share this Email Print Related News Yahoo to lay off 2,000 employees 3:54am EDT Facebook launches patent counterattack against Yahoo Tue, Apr 3 2012 Yahoo layoffs to begin next week: report Fri, Mar 30 2012 Proxy battle pits new Yahoo CEO against hedge fund Wed, Mar 21 2012 Facebook underwriters to get 1.1 percent fee: source Tue, Mar 20 2012 Analysis & Opinion Companies must examine users, not just suppliers The Yahoo! offices are pictured in Santa Monica, California April 18, 2011. Credit: Reuters/Mario Anzuoni SAN FRANCISCO | Thu Apr 5, 2012 5:37pm EDT SAN FRANCISCO (Reuters) - Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after he announced the deepest round of job cuts in years. The company, once a dominant Internet media and search powerhouse which has since seen its growth eclipsed by Google 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 re-organization 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." One key question involves how the product and technology group, headed by Blake Irving, fits into the three new pillars of the company. 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. Wednesday's layoffs slashed 14 percent of Yahoo's headcount and cut across all of Yahoo's organizations, including marketing, research and product groups. The fate of several Yahoo businesses remain 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 in 2009 to outsource much of its search operations, Yahoo still employs roughly 1,800 staffers for search, the executive said. Yahoo declined to comment. (Reporting By Alexei Oreskovic; editing by Andre Grenon, Bernard Orr) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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