Daily Business News
Saturday, November 18, 2006
  Yahoo internal memo urges major shake-up job cuts (Reuters)

Terry Semel chairman and CEO of Yahoo! Inc. is shown speaking at the 2006 Milken Institute Global Conference in Beverly Hills in this April 24 2006 file photo. Yahoo Inc. needs a dramatic organizational shake-up and cuts in its work force of up to 20 percent according to an internal memo written last month by Senior Vice President Brad Garlinghouse. The memo which was published in the Wall Street Journal also describes rumors that Chief Operating Officer Dan Rosensweig and Chief Financial Officer Sue Decker could be elevated to become co-presidents in preparation for the retirement of Semel age 64 who joined Yahoo five years ago. (Fred Prouser/Reuters)Reuters - Yahoo Inc. needs a dramatic organizational shake-up and cuts in its work force of up to 20 percent according to an internal memo written last month by Senior Vice President Brad Garlinghouse.


 
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