05 Yahoo! to rework its internals, dismiss 2,000 employees

Yahoo continues to appear on the decline with word out that the company is making preparations to lay off another 2,000 of its employees. The move was formally announced by the company less than 24 hours ago where recently assigned CEO Scott Thompson went on a spiel about how these job cuts are supposedly going to allow Yahoo! to rise above again…

Yahoo continues to appear on the decline with word out that the company is making preparations to lay off another 2,000 of its employees. The move was formally announced by the company less than 24 hours ago where recently assigned CEO Scott Thompson went on a spiel about how these job cuts are supposedly going to allow Yahoo! to rise above again…

"Today's actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require. We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal," said Scott Thompson, CEO of Yahoo!. "Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they've contributed to Yahoo!."

This restructuring process is said to result in Yahoo reeling annual savings of around $375 million, but it is unknown at this time where its key focus is shifting in order to make efforts in supplying core services that will allow them to retain a profitable position long term. Certainly, when looking in from the outside company management is clearly where the focus should be with investors even rebelling against them in recent times.

Yahoo! says that additional info will be given about its new strategies during its first-quarter financial results announcement scheduled for April 17.