Yahoo has confirmed that it is changing into a ‘bold, new Yahoo’ with news that it is to cut 2,000 jobs from the company.Yahoo has been wobbling for some time now, so this restructuring will come as no surprise, but the number of people being let go shows how serious the company is in turning its fortunes around.
It is thought that the 14 per cent cut in staff is likely to affect many areas of the business, including marketing and development.Speaking about the changes, Yahoo CEO Scott Thompson said:
“Today’s actions are an important next step toward a bold, new Yahoo – smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require.”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.”
Not taking this accusation lying down Facebook has said that Yahoo’s own technology is infringing on 10 of its own payments.According to All Things Digital, many people within Yahoo were uneasy with the company taking on Facebook but CEO Thompson – formally of PayPal – was adamant it should go to court.In total, Yahoo hopes to save $375 million in the restructuring plans.
How the Rural-Urban Divide Plays Out on Digital Platforms
It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.
Thailand’s internet economy to hit US$53 billion in 2025
New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.
Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025 stated a report by Google, Singapore state investor Temasek Holdings and business consultants Bain & Co.(more…)
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