Yahoo CEO Outlines Reorganization Plan to Revive Growth
This article is for subscribers only.
Yahoo! Inc. Chief Executive Officer Scott Thompson, addressing staff today, will outline a restructuring aimed at reversing sales declines and stepping up the pace of product innovation at the largest U.S. Web portal.
Yahoo, after saying last week that it will eliminate 2,000 jobs, is reorganizing businesses around three areas: consumers, geographic regions and technology. The consumer division will focus on media, commerce and so-called connections, which include Web search and e-mail, Thompson said in a memo.