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Yahoo To Begin Firing Thousands Next Week (YHOO)

Nicholas Carlson

scott thompson yahoo

Yahoo layoffs start next week, Kara Swisher says.

She says the ultimate goal is for "thousands" of people in product, research and marketing to be let go.

The cuts won't all come at once.

The vision is for "a drastically slimmed-down organization with a focus on media, advertising and new but unclear “future” initiatives."

Ross Levinsohn is expected to run Yahoo's media business.

Product boss Blake Irving's future is uncertain, says Kara.

Kara has lots of details >>

Please follow SAI on Twitter and Facebook.

Join the conversation about this story »

See Also:

Industry Sources: Yahoo Will Get Almost Nothing For Selling Its Ad Tech Business
Right Media Founder: Here's The Only Reason To Buy Yahoo's Ad Tech Business
Dan Loeb Starts A Potentially Nasty Fight With Yahoo To Get His People On The Board

source: www.businessinsider.com

30 Mar 2012

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How The New York Times Dealt With Covering A Scandal Involving New CEO Mark Thompson

www.businessinsider.com Daniel Goodman 153 days ago

neil degrasse tyson

immigration plan

mark thompson

newsroom staff

ceo mark

One challenge, many news organizations eventually face, is how to cover themselves. What happens when the publication becomes the story? The new CEO of The New York Times, Mark Thompson, came to the company from the BBC, fresh off the heals of a major reporting scandal there. The Times have questioned whether he is the right choice for the job on its Op-ed pages, and the paper is investigating and reporting on the BBC scandal in its news and media sections. That must be awkward for both Thompson and the news teams. Abramson explained at IGNITION how dealing with such situation highl... Read similar

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New York Pension Fund Still Wants Hammergren And Thompson Kicked Off HP's Board (HPQ)

www.businessinsider.com Julie Bort 63 days ago

At HP's annual shareholder meeting on Wednesday, three board members kept their jobs but one large shareholder still wants to see them gone: NYC Comptroller John C. Liu. “Shareowners have sent a clear message that the directors most responsible for HP’s recent debacles must be held accountable,” Comptroller Liu said in a statement sent to Business Insider. “The onus is now on the board to take the steps necessary to ensure that all of its directors enjoy broad investor support." HP directors need a simple majority, over 50 percent, to be voted in. Directors John Hammerg... Read similar

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Ex-Yahoo Product Boss Blake Irving Named Go Daddy CEO (YHOO)

www.businessinsider.com Jay Yarow 162 days ago

product development focus

cutting edge products

domain name registrations

scott wagner

technology veteran

Former Yahoo and Microsoft executive Blake Irving has been named CEO of controversial web hosting company Go Daddy. More to come, but here's a bit of a shocker: GO DADDY APPOINTS BLAKE IRVING AS CHIEF EXECUTIVE OFFICERTechnology Veteran Brings Product Development Focus to Go Daddy SCOTTSDALE, Ariz. (Dec. 11, 2012) – Go Daddy, the world’s largest provider of Web hosting, domain name registrations and new SSL Certificates, today announced Blake Irving, formerly a long time Microsoft executive and Chief Product Officer of Yahoo! Incorporated (“Yahoo”), will assume th... Read similar

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MOBILE INSIGHTS: 88% Of U.S. Consumers Use Mobile As Second Screen While Watching TV

www.businessinsider.com Alex Cocotas 2 days ago

Mobile Insights is a daily newsletter from BI Intelligence that collects and delivers the top mobile industry news. It is delivered first thing every morning exclusively to BI Intelligence subscribers. AT&T: 88% Of U.S. Consumers Watch A Mobile Second Screen While Watching TV (TomiAhonen Consulting)Consultant Tomi Ahonen returned from the Mobile Marketing Association (MMA) forum with a brief case full of stats. Here are our top picks. Nielsen: The U.S. Has 89 Million Mobile Shoppers AT&T: 88% Of U.S. Consumers Use Mobile As Their Second Screen While Wat... Read similar

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LinkedIn Is The Most Effective Social Network For Salespeople

www.businessinsider.com Cooper Smith 1 days ago

marketing metrics

traditional counterparts

metrics that matter

survey respondents

youtube

Social Media Insights is a daily newsletter from Business Insider that collects and delivers the top social media news first thing every morning. You can sign up to receive Social Media Insights here or at the bottom of this post. Salespeople Using Social Media Outsell Their Peers (A Sales Guy Consulting)In 2012, 73% of salespeople using social media outperformed their traditional counterparts, according to a a report issued by A Sales Guy Consulting. The top-selling sites of the year were, in order, LinkedIn, Twitter, and Facebook. Despite t... Read similar

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It Sounds Like Mark Zuckerberg's Immigration Lobbying Group Is Falling Apart

www.businessinsider.com Henry Blodget 11 days ago

Last weekend, we described how the lobbying group organized by Facebook CEO Mark Zuckerberg to promote immigration reform had been caught trashing President Obama and Obamacare and supporting oil drilling in the Alaska wilderness--policies that have nothing to do with immigration. Although this behavior was described as business as usual in Washington--if you want to get something done, you just bribe Senators and Congress-people to vote for it--some of the donors to Zuckerberg's lobbying group, FWD.us, may not have seen it that way. The way they might have seen it was that their money wa... Read similar

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Marissa Mayer Is Plotting A Major Purge Of Executives At Yahoo (YHOO)

www.businessinsider.com Nicholas Carlson 128 days ago

kara swisher

information security officer

yahoo mail

level execs

marissa mayer

Yahoo just parted ways with its chief information security officer, Justin Somaini, AllThingsD's Kara Swisher reports. She says there are two reasons for his departure. One: Yahoo Mail has suffered from some security bugs lately, and Somaini may be getting the blame. Two: CEO Marissa Mayer is looking at purging LOTS of Yahoo execs from the company in the coming weeks and months. Swisher: Sources noted that Somaini’s leaving is also part of a wider look at a range of higher-level execs at Yahoo — top staff status is based on Levels, such as L3, L4, L5 — that is now takin... Read similar

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Facebook Helped Its App Publishers Monetize In 2012

www.businessinsider.com Heather Leonard 112 days ago

Social Media Insights is a new daily newsletter from Business Insider that collects and delivers the top social media news first thing every morning. You can sign up to receive Social Media Insights here or at the bottom of this post. Facebook Helped Its App Publishers Monetize In 2012 (Inside Facebook)Facebook is announcing its fourth quarter 2012 earnings today, which seems like a perfect opportunity to reflect on the major trends and developments that impacted the Facebook app ecosystem in the last year. Amidst increasing competition for the hearts and minds of app developers, Facebook... Read similar

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Five Ways You're Annoying Everyone On Social Media

www.businessinsider.com Marcelo Ballve 15 days ago

Social Media Insights is a daily newsletter from Business Insider that collects and delivers the top social media news first thing every morning. You can sign up to receive Social Media Insights here or at the bottom of this post. Five Ways You're Annoying Everyone On Social Media (Jeff Bullas)It's always useful to know what practices to avoid in order not to get on people's nerves. Automated Direct Messages On Twitter Sending Posts Directly To People On Google+ Inviting Everyone You Know To Contribute To Your Pinterest Board Using Hashtags On Fac... Read similar

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New Go Daddy CEO Blake Irving Says The Commercials Need To Change (YHOO, MSFT)

www.businessinsider.com Nicholas Carlson 162 days ago

customer value proposition

Domain registrar Go Daddy announced today that it has hired former Microsoft and Yahoo products executive Blake Irving to be its CEO. We just spent 10 minutes on the phone with Irving to discuss his hire. Here's a lightly edited version of the Q&A: Business Insider: Why join Go Daddy? Blake Irving: "Love the brand, like what the company has done for me and I see a lot of places I see where this company can go." Business Insider: Your experience has been in consumer products. Go Daddy is for small businesses. Ready for that challenge? Irving: "Everyone one of Go Daddy's customers has their ... Read similar

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Marissa Mayer Can't Afford To Screw-Up Yahoo Mail

www.businessinsider.com Nicholas Carlson 161 days ago

Yahoo CEO Marissa Mayer announced a massive update to Yahoo Mail yesterday, rolling out new versions for Android, iPhone, Windows Phone and the Web. Because Yahoo depends so much on Web traffic and because its so far behind in mobile, this redesign was the most important move Mayer has made since joining Yahoo in July. Watch: <div>Please enable Javascript to watch this video</div> Produced by Robert LibettiSEE ALSO: Can Publishers Reclaim Control Over Their Content Away From Apple? SEE ALSO: Here's What Yelp CEO Jeremy Stoppelman Said About The ... Read similar

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10 Things You Need To Know This Morning (AAPL, MSFT, GOOG, INTC)

www.businessinsider.com Alyson Shontell 161 days ago

Good morning! Here's what you need to know: Marissa Mayer has made a very important move: She's recreating all of Yahoo's email products. Apple is testing designs for its TV. Apple's first professional fanboy, Guy Kawasaki, has ditched the iPhone and fallen in love with the Android. Domain registrar Go Daddy has hired former Microsoft and Yahoo products executive, Blake Irving, to be its CEO. One Kings Lane, an e-commerce company that is like a web-only Crate & Barrel, has raised another $50 million. It could be the last funding round the company raises before it IPOs. The Pope has ... Read similar

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Yahoo Chairman Fred Amoroso Quits (YHOO)

www.businessinsider.com Steve Kovach 27 days ago

Fred Amoroso, Yahoo's chairman, has resigned. Yahoo said Amoroso will continue to serve on the board through the next shareholders meeting on June 25, but he will not seek reelection. Maynard Webb, Jr. will serve as interim chairman of Yahoo's board. In a statement, Amoroso said it was always his intention to serve as chairman for just one year. Amoroso is the former CEO of Rovi corporation and led the investigation against former Yahoo CEO Scott Thompson after it was discovered Thompson listed a college degree on his resume that he didn't actually earn. Thompson eventually left Yahoo and the ... Read similar

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Marissa Mayer Tells Hundreds Of Remote Yahoo Employees: Work In An Office … Or Quit (YHOO)

www.businessinsider.com Nicholas Carlson 89 days ago

Yahoo CEO Marissa Mayer just sent a memo to Yahoo's remote employees, of which there are hundreds, that they have to begin working in offices. If they don't want to, they can quit. Kara Swisher broke the news. Apparently, many Yahoo employees are very upset about this turn of events. Swisher says they feel bait-and-switched. Want to vent? Email nicholas@businessinsider.com Now Watch: Why Marissa Mayer Needs Yahoo Mail To Be A Success <div>Please enable Javascript to watch this video</div>SEE ALSO: How Tim Cook Rose To Become Apple's CEO SEE ALSO: ... Read similar

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Yahoo's Working On Two Large Acquisitions (YHOO)

www.businessinsider.com Owen Thomas 76 days ago

mergers and acquisitions

Jackie Reses, Yahoo's head of HR and mergers and acquisitions, recently told employees that the company had two big acquisition deals in the works, Kara Swisher reports at AllThingsD. There are also a half-dozen smaller deals in the work, similar to Yahoo's recent acquisitions of Stamped and OnTheAir, two small startups which brought teams experienced in mobile development to the company. Swisher speculates that a purchase of Pinterest, Tumblr, or Foursquare would be interesting for the company, as would ad-tech companies like Jumptap or PubMatic. But those all seem like they'd be too expensiv... Read similar

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Alan Patricof Explained Why He Ditched His $40 Billion Fund For A $75 Million One

www.businessinsider.com Daniel Goodman 144 days ago

alan patricof

private equity firms

largest private equity firms

venture capital firm

ceo mark

In 1969, Alan Patricof founded Patricof and Co., an early venture capital firm. Over the next 40 years, he turned that into Apax, one of the largest private equity firms in the world. And then he left it. Forming a new company called Greycroft, Patricof has decided to "return" to smaller capitalization investing, i.e. investing early in startups. He believes the future for investment is in small companies that may not need a huge amount of cash to get started and get profitable. At our IGNITION conference Patricof discussed why he left the big money for a more intimate fund: &nbsp... Read similar

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27 Executives Share The Advice That Made Them Successful

www.businessinsider.com Aimee Groth, Kim Bhasin and Max Nisen 97 days ago

In her upcoming book, Lean In, Sheryl Sandberg talks about the invaluable mentors who have helped her succeed — including Larry Summers, Mark Zuckerberg, and others. We can all learn something from those around us, no matter how vastly different their worldview, if we're open to it. That's how the world's most successful people got to where they are today. Google Chairman Eric Schmidt — who also gave Sandberg her best advice — says that you have to "find a way to say 'yes' to things. Say 'yes' to invitations to a new country, say 'yes' to meet new friends, say 'yes' to learn ... Read similar

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This CEO Quit Yahoo's Board After Spending 'Hundreds Of Hours' In Meetings (YHOO, INTU)

www.businessinsider.com Owen Thomas 96 days ago

financial software company

silicon valley company

ebay paypal

scott thompson

two and a half years

When we sat down recently with Intuit CEO Brad Smith at the financial-software company's Mountain View headquarters, we had one burning question. Why did Smith quit Yahoo's board? His answer was eye-opening. In the two and a half years Smith was on Yahoo's board, he had five CEOs. Smith had a role in hiring one of them, Scott Thompson, who resigned after activist investor Dan Loeb revealed he didn't have a computer-science as degree his Yahoo biography claimed. Thompson, then president of eBay's PayPal unit, cold-emailed Smith to apply for the job. He had nothing but praise for Thompson'... Read similar

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How One Company's Twitter Account Went Rogue

www.businessinsider.com Heather Leonard 107 days ago

Social Media Insights is a new daily newsletter from Business Insider that collects and delivers the top social media news first thing every morning. You can sign up to receive Social Media Insights here or at the bottom of this post. If Your Marketing Director Doesn’t Understand Twitter, Don't Tweet (Mediabistro)What happens when you combine an intern-created Twitter account, a marketing director who doesn’t understand how to use it and 60 disgruntled employees, some with access to the account and nothing to lose? You get HMV’s Twitter stream last week. And this can ha... Read similar

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Yahoo Employees Don't Approve Of Marissa Mayer As Much As They Used To (YHOO)

www.businessinsider.com Nicholas Carlson 152 days ago

ritz carlton in half moon bay

During her first quarter on the job, Yahoo employees gave CEO Marissa Mayer a 97% approval rating. That number is now down to 80%. That's according to Glassdoor.com, a site where employees can review their employers and their bosses. One of Mayer's key focuses has been improving morale at Yahoo. She's brought in standard Silicon Valley perks like free food and smartphones for all fulltime employees. She's also planned a fairly elaborate Christmas party. A couple weekends ago, she put up ~80 Yahoo execs for a retreat at the luxurious Ritz Carlton in Half Moon Bay. Yahoo product devel... Read similar

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Business Insider is a new business site with deep financial, entertainment, green tech and digital industry verticals. The flagship vertical, Silicon Alley Insider, launched on July 19, 2007, led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall Street analyst Henry Blodget.

Nicholas Carlson

Nicholas Carlson oversees SAI, War Room, and The Wire for Business Insider. Previously, he reported for Gawker Media's Silicon Valley gossip blog, Valleywag. He got his start on the beat at InternetNews.com. Before that, there was a stint at Merrill Lynch.

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