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Several key executives, such as Chief Product Officer Blake Irving, left.
On April 4, 2012, Yahoo announced a cut of 2,000 jobs or about 14 percent of its 14,100 workers.
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In early 2012, after the appointment of Scott Thompson as CEO, rumors began to spread about looming layoffs.This platform does NOT host any content itself, we are a GATE between the censored users and the original websites we proxy.It was globally known for its Web portal, search engine Yahoo! The term "oracle" was intended to mean "source of truth and wisdom", and the term "officious", rather than being related to the word's normal meaning, described the many office workers who would use the Yahoo database while surfing from work.Search, Yahoo Mail, Yahoo Maps, Yahoo Finance, Yahoo Groups and Yahoo Messenger.
Yahoo provided Internet communication services such as Yahoo Messenger and Yahoo Mail.
The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.