Yahoo! trimming products after cutting staff
Monday 20 December 2010
Fresh from cutting its workforce, Yahoo! is looking at getting rid of products that don't fit the struggling Internet pioneer's efforts to re-invent itself.
"Part of our organizational streamlining involves shifting our investment with off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond," Yahoo! said Friday in response to an AFP inquiry.
Yahoo! properties on an internal "sunset" list leaked onto the Internet this week included MyBlogLog, Yahoo! Picks, Yahoo! Bookmarks, Yahoo! Buzz and search service AltaVista.
"We're actively thinking about the future of Delicious and we believe there is a home outside the company that would make more sense for the service, our users and our shareholders," Yahoo! said.
A message Friday at the Delicious blog assured users that the social Website bookmarking service was not being shut down.
While not a "strategic fit" for Yahoo!, Delicious could find an "ideal home" elsewhere.
The Sunnyvale, California-based firm declined to discuss other properties on the list other than to say that it was making decisions based on which products had promise and which were under-performing.
Yahoo! on Tuesday announced that it would cut some 600 jobs, about four percent of its global workforce, as it fought to regain its footing on a shifting Internet landscape increasingly dominated by Google and Facebook.
It was the third round of layoffs since the fall of 2008 and the second since Carol Bartz took over as chief executive in January 2009.
Bartz replaced Yahoo! co-founder Jerry Yang at the helm after the company rebuffed a bid by Microsoft to buy the company for about 45 billion dollars in early 2008.
Microsoft and Yahoo! reached an agreement last year that calls for the US software giant to power searches at all Yahoo! websites.
Yahoo! will continue, however, to present search results in its own fashion on its sites, with only a discreet reference at the bottom of the page to their being "Powered by Bing," Microsoft's new search engine.
Yahoo! has "disposed of non-core assets" while making strategic acquisitions and cultivating partnerships with hot young Internet stars Facebook, Twitter, and Zynga, according to Bartz.
Life & Style blogs
Britain's kitchens so filthy that they present a health risk, says new research
How to turn off/stop 'seen by' on Facebook: Disable it to make your chats seem less passive aggressive
KickassTorrents down: new Isle of Man domain taken offline just hours after launch
Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
The confessions of men who ordered mail-order brides
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
Rupert Murdoch berated Sun journalists for not doing enough to attack Ed Miliband and stop him winning the general election
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
- 1 Student jailed for hacking University of Birmingham computers to improve his grades
- 2 Smartphones are making children borderline autistic, says psychiatrist
- 3 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 4 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
- 5 The most powerful passports in the world
iJobs Gadgets & Tech
£70000 - £90000 per annum + bonus + car allowance + benefits: Ashdown Group: H...
£28000 - £32000 per annum + Excellent benefits: Ashdown Group: Application Sup...
£28000 - £32000 per annum + Excellent benefits: Ashdown Group: Systems Analyst...
£40000 - £48000 per annum + bonus and benefits: Ashdown Group: European Recrui...