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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Yahoo Fires 2000 Employees, Marking the Beginning of a New Enterprise Reform

Posted On 04 Apr 2012

“Today’s actions are an important next step towards a strengthened new Yahoo, smaller, leaner, more profitable and better equipped to innovate as fast as our customers and our industry require,” said CEO Scott Thompson, who took office last January. “Our goal is to return to our central purpose, putting our users and advertisers first, and we are acting aggressively to achieve that goal,” he added.

The affected workers received or will receive during the course of the day the proper notice. Some of them will stay in their posts for a while, reported AP news agency. The company declined to comment on the details of compensation payments.

The Californian firm estimated a $ 375 million savings per year after the cuts. This is the sixth mass layoffs in the last four years under three different CEO, these layoffs come as a result of the decline of Yahoo’s revenues before rivals like Google Inc. and Facebook, and also while the company suffers a power struggle with the fund manager Daniel Loeb.

Loeb, who runs Third Point, wants to appoint four new directors on the Yahoo board. Third Point, with a share of 5.8% in Yahoo, is the main shareholder.

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