Photo: Flickr/Yodel Anecdotal
Tomorrow, Yahoo is expected to fire as many as 2,000 people this week.According to a source close to people inside the company, however, the firings have already started.
Kara Swisher says the firings will only be the start of a much larger staff reduction at the company in the weeks and months ahead.
The layoffs, which will touch all units of the company, are expected to hit hardest in the product division, which is headed by Blake Irving.
But the fate of two key parts of the soon-to-be-blown-apart unit — Yahoo’s advertising technology businesses, Right Media and APT, and its search business — is still being contemplated, as I have previously reported. Possible scenarios include a sale or a joint venture transaction for both, which employ thousands of Yahoo staffers.
Also set to be hard hit are Yahoo’s local businesses, as well as its marketing and research divisions. While still sustaining losses, its media units will not be as badly impacted. And it’s not clear how many employee terminations will be aimed at the company’s general and administrative staff.
The layoffs tomorrow are not the end of the road in cutting costs. Along with the likely shedding of its ad tech and search businesses, Yahoo leadership is also looking at future cuts as it evaluates current businesses, which could lop even more employees off its roster.
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