Yahoo aims for social, mobile users as it cuts 2,000 jobs

Mobile - 05/04/2012

The company on Wednesday said it would slash 2,000 jobs, 14% of its workforce, and offer a blueprint of its "future direction" during its first-quarter earnings call on April 17. It is Yahoo's fifth significant layoff in five years. The layoff, Yahoo's largest, is part of an audacious plan to realign the company and target mobile, social and younger users in pursuit of growing its advertising business — the lifeblood of the company. "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 ...