Yahoo! has announced they are eliminating 2,000 jobs (roughly 14 percent of the company) as part of an aggressive reorganization around consumers, geographic regions, and technology. The company has seen its stock wane over the past year as it has lost ground to both Facebook and Google.
“It’s time for Yahoo! to move forward, and fast,” wrote CEO Scott Thompson.“There’s a lot to do and that’s why I can’t stress enough that we all need to focus on getting stuff done. Getting stuff done is short hand for eliminating bureaucracy and barriers so we can all innovate as fast as our customers and the industry require. That’s pretty fast.”
