New Yahoo CEO sweeps out 2,000 employees in purge

Yahoo’s turnaround attempt is going to be messy. In his first three months on the job, CEO Scott Thompson has imposed the largest layoffs in the company’s 17-year history, reshaped the board of directors, picked a potentially disruptive fight with a major shareholder and sued Facebook for patent infringement. He says there’s even more upheaval […]

Yahoo looks for ways to shed Japanese namesake

Yahoo is currently in discussions with Yahoo Japan to sell off its share in the Asian company. Speaking to reporters yesterday, Yahoo Japan Chief Financial Officer Akira Kajikawa said that Yahoo is trying to “finalize the mechanism [for selling its stake] and we are cooperating with them,” according to The Wall Street Journal, which was […]