Posts tagged as: Yahoo

Hewlett Packard makes major lay-off plan

Meg Whitman, the CEO of Hewlett-Packard, has confirmed that the Palo Alto technology will proceed to a massive reduction in employment, with the goal of eliminating up to 27,000 jobs , or 8% of the workforce. He made the painful announcement after announcement the results of their second quarter in the fiscal year. The world’s first manufacturer […]

Yahoo’s Alibaba stake goes on sale – Internet News

The year 2012 has proved to be a bit harsh on Yahoo. In January, company lost its founding father Jerry Yang, who parted ways with Yahoo and Alibaba as well. In the month of March, Yahoo had a patent dispute with one of the very famous social networks, the FACEBOOK. On top of it, the […]

Scott Thompson resigns from Yahoo

Scott Thompson, Yahoo’s CEO, has been hit by a controversy after it became known that the former PayPal president has been lying about his educational background. The chief executive, who spent barley six month in charge, will now be replaced by Ross Levinsohn. However, the motives which could have justified his resignation has been deemed […]

Yahoo CEO apologizes in memo, board meets: source

Yahoo Inc’s board convened on Monday afternoon to discuss the mounting upset surrounding Chief Executive Scott Thompson, who has apologized to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said. The source, who declined to be identified because of the sensitivity […]

Yahoo in talks to sell 15-25 percent of Alibaba: source

Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group’s stock back to China’s largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a person familiar with the matter said. The two companies have been in talks for a month, the person […]

Yahoo board to review CEO’s education records

 Yahoo Inc’s board of directors will review a discrepancy in the educational record of its chief executive, Scott Thompson, a spokesman told Reuters, after activist hedge fund Third Point accused Thompson of padding his academic credentials. Yahoo will also make an appropriate disclosure to shareholders when the review is complete, the spokesman said. On Thursday, […]

Yahoo announces over 2000 layoffs

Yahoo officially announced that they are going to cut more than 2,000 employees, equivalent to 14% of its global workforce, while making a major step to reshape the company’s future.  Thus, the company is expecting to claim annual savings of $ 375 million (285.5 million Euros) after the layoffs. This will be their first short listing […]

Yahoo layoffs to begin next week: report

(Reuters) – Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according […]

Yahoo preparing layoffs, could affect thousands: report

(Reuters) – Yahoo Inc’s new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog.   The moves could be announced as soon as the end of the month and would represent the first major changes under CEO […]

Jerry Yang’s departure from Yahoo Group gives more insight into the remedies

Jerry Yang’s announcement that he’d be resigning from the Yahoo!, Alibaba Group, and Yahoo! Japan boards tonight is very significant. Whether intentional or not, Yahoo!’s board has long been “Jerry’s Board.”  Directors would weigh whether or not they should do something by the litmus test question: “What does Jerry think of this?” That deference, over […]

Google to charge third-party subscribers for their service, Google Maps – Part 2

Google announced that companies being charged for the services are a mere 0.35 percent of whole population that uses it. However, unfortunately both Fubra and Nestoria among others come in that small 0.35 percent. Big companies with strong capital support can afford to continue to use Google Maps by paying for the service but Fubra […]

Google to charge third-party subscribers for their service, Google Maps – Part 1

Google Maps is one of the most used applications in the world at the moment. Among the most frequently utilized Application Programming Interfaces (API), Google Maps  is the most visited followed by Twitter, You Tube and Flickr. The main reason behind this frequent use, even more the most famous websites like the Twitter and Facebook […]


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