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Yahoo! Cuts 2000 Jobs, Targets More Social, Mobile Users

SAN FRANCISCO–Yahoo CEO Scott Thompson wasn’t kidding when he vowed to jostle the embattled Internet pioneer out of its slumber.

  • A sign is seen in front of Yahoo! headquarters in Sunnyvale, California.Justin Sullivan, Getty Images

A sign is seen in front of Yahoo! headquarters in Sunnyvale, California.

A slimmed-down Yahoo may be its only hope of surviving  the onslaught from Google, Facebook and Microsoft that is eroding Yahoo’s advertising and search business. Rumors had swirled for months that something would need to be done at the  company. Thompson, the former president of online payment service PayPal, was installed in January to replace Carol Bartz, who was ousted from the CEO post last fall. Read more [+]

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