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Wednesday, 4 April 2012

Yahoo! axes workers in latest turn-around bid

Struggling US Internet pioneer Yahoo! said Wednesday it would slash some 2,000 jobs in a purge aimed at transforming into a "smaller, nimbler, more profitable" company.

Yahoo! chief executive Scott Thompson, who took the helm in January promising to turn the company around after a year of falling income, said the job cuts were a "tough decision" to achieve that goal.

"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities," Thompson said in a statement.

"Our goal is to get back to our core purpose -- putting our users and advertisers first -- and we are moving aggressively to achieve that goal," he continued.

The restructuring will center on "select" groups and the platforms that support them.

A key focus will be data that drives "deep" personalization for users and return on investment for advertisers.      More Read

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