Yahoo yesterday in the US reported a 64 per cent drop in net income for the third quarter, issued cautions about a weakening advertising market, and confirmed that layoffs were indeed on the way.
Yahoo, under intense pressure, reorganised its upper management on Thursday in a plan designed to improve its products, underlying technology, and operational execution, the company said.
Yahoo is headed for a reorganisation that, combined with an exodus of top Yahoo executives, will in all likelihood put power in dramatically fewer hands.
The departure of Flickr's co-founders follows the earlier resignation of Jeff Weiner, who was executive vice president of Yahoo's network division.
Yahoo announced a non-exclusive partnership under which rival Google will supply it with some search ads, a move that could increase Yahoo search revenue but that also gives Google even more power in the market.
Tech workers on the bubble can choose to ignore reality, or they figure out what to do about it. For those who don't want--or can't afford--to punt, plenty of domestic opportunities remain for IT pros looking to leverage their skill sets.
Oracle has severely understated the complexity of migrating PeopleSoft customers, and this could leave customers in a tough spot, says Meta Group.
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Much of the contemporary supercomputer world is focused on machines made up of a network of smaller computers, but NEC is going retro with its new model, the SX-7.
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