Scott Thompson, Yahoo’s relatively new CEO, is cleaning house. The company is laying off a whopping 2,000 staffers in a move that is estimated to save the company about $375 million a year.
According to The Huffington Post, Thompson claimed that the massive layoff was an ”important next step,” toward making Yahoo “better equipped to innovate as fast as our customers and our industry require.”
More, from Thompson:
We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal.