Yahoo! to Lay Off 2,000 Workers as a ‘Bold’ Step

Yahoo said Wednesday that 2,000 of its people will be notified of job elimination or phased transition. Scott Thompson (pictured), Yahoo! CEO, stated this with the message that these “actions are an important next step toward a bold, new Yahoo! – smaller, nimbler, more profitable and better equipped.”

“Unfortunately, reaching that goal requires the tough decision to eliminate positions,” he said.

Yahoo!, of late, has been facing tough times despite its new initiatives in the digital content market. For example, to woo the consumers as well as advertisers, it announced “Remake America,” an original Yahoo! series that aims to spark a conversation among Yahoo!’s audience around the issues American families face every day.

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Then Yahoo! joined hands with Anthony E. Zuiker, the creator of the CSI franchise and his production company Dare to Pass, to launch “Cybergeddon” project, a motion picture event which will bring to life the growing threat of cybercrime.

At the same time, Yahoo! has been making some radical corporate changes. Just a couple of weeks ago, the company said that its Board appointed three new independent directors.

And now it has decided to cut jobs of its workers.

As the company is still undergoing restructuring, it said it will announce more about Yahoo!’s future direction in conjunction with the release of its first quarter financial results on April 17.

More layoffs can’t be ruled out.

Photo courtesy: Yahoo!