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Yahoo headquarters in Sunnyvale, California AP Photo/Paul Sakuma
Jobs

Yahoo to cut 2,000 jobs worldwide

The troubled internet company said there is no information yet on whether Irish jobs will be affected.

INTERNET COMPANY YAHOO is to cut around 2,000 jobs worldwide – but has not yet said whether jobs will be affected in Ireland.

The troubled company said today it is restructuring its business to focus on key areas where it will intensify efforts and redeploy resources

A spokesperson for the Yahoo told TheJournal.ie that there has been no announcement yet on where the jobs cuts will happen or whether Irish jobs will be affected.

“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,” said Scott Thompson, CEO of Yahoo.

“We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities”.

The company says it expects to save around $375 million (around €285 million) by eliminating around 2,000 jobs.

The chairman of Yahoo and three longtime board members stepped down from the company in February after a dispute with shareholders who blamed them for the sharp fall in the company’s revenue.

Co-founder of the company Jerry Yang resigned from the board at the start of the year and severed all ties with the company he had helped to set up in 1995.

The company is due to release its first quarter financial results in just under two weeks when more details of the job losses are expected to be given.

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