Yahoo has unveiled the most sweeping job cuts in its 18-year history, marking the first move by Scott Thompson, its new chief executive, to shake up the struggling US internet portal company.
Some 2,000 workers, or 14 per cent of the total, will lose their jobs in the latest and most drastic of a number of recent restructurings that have so far failed to rekindle growth under a succession of chief executives.
The job losses announced yesterday follow a two-month review in which Mr Thompson made clear he was planning to pare back large parts of Yahoo’s operations, though he has also emphasised a return to growth as the company’s only chance of remaining among the leading internet companies.
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