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80,258 News Articles

Yahoo layoffs would indicate company direction

Affected departments would hint at where CEO Scott Thompson hopes to take the struggling company

The story "Yahoo layoffs would indicate company direction," posted to the wire Monday, incorrectly named analyst Karsten Weide's company. The sixth paragraph has been corrected on the wire and follows:

Regardless of where the layoffs may happen, they would signal "the end of Yahoo as we know it," according to IDC analyst Karsten Weide, a former Yahoo employee. Because Yahoo has not found a way to increase its revenue, the company has to improve its fiscal performance by cutting costs, he said.


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