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Yahoo reduces work force: Yahoo will cut 400 jobs, or more than 12 percent of its work force, as it reorganizes in search of "sustainable, profitable growth," the company said.
Yahoo (YHOO) is condensing 44 business units into six to help reduce its reliance on advertising and to generate new paid services, said Terry Semel, Yahoo's chairman and CEO.
"There's nothing wrong with advertising revenue," Semel said. "We believe in it. But you will see this is going to be a much more diversified company."
anyone posted this yet? Seems weird, considering this thread in April
[webmasterworld.com]
