Yahoo has unveiled a plan to reorganise the company, as was widely expected. It's certainly a time of change at the firm, and the move follows the announcement last week that 2,000 jobs were to be lost, and a restructuring plan implemented.
The details of the restructuring have just been spilled via a memo from CEO Scott Thompson, with the main thrust of the change being that Yahoo is to be reorganised into three core groups. Those three divisions will be Consumer, Regions and Technology.
In the memo, Thompson stated: "Our new Consumer group will be all about creating great, engaging user experiences. Our geographic Regions will serve our advertisers and agencies and be accountable for all Yahoo revenue. Our Technology teams will provide the advanced infrastructure, technology and science to enable our Consumer group and the Regions to deliver our best products and experiences into market, at scale, and fast."
Consumer will in turn comprise of three main units - Media, Connections and Commerce - with Regions divided into three principle areas - The Americas, APAC and EMEA.
The Technology group will consist of Core Platforms and Central Technology, focusing on tech infrastructure and cloud development, with the aim being to bring Yahoo's top product designers and engineers "much closer to consumer needs and demands". All the divisions will be supported by Yahoo's Corporate teams.
Thompson concludes the memo by saying: "You will hear more from our business leaders about their plans to move each of these groups forward in the coming days and weeks."
While the CEO did mention that Chief Product Officer Blake Irving was departing Yahoo, there were no further job cuts mentioned, which is good news for the time being.
Source: All Things D