There’s one more corporate casualty at Yahoo following this week’s 2,000 layoffs: Chief Product Officer Blake Irving, whose operation was hit hard by the sackings, resigned. He opposed CEO Scott Thompson’s decision to let 14% of the company’s workforce go without first articulating a strategy, according to AllThingsD which first reported Irving’s departure. Many of the layoffs were in the engineering and research focused Labs operation. Irving’s also said to dispute corporate plans to dump at least parts of its ad technology and search businesses. Thompson will discuss his corporate vision at a company-wide meeting on Tuesday. A memo about the meeting said it would focus on “core media and communications,” “platforms” and “data,” Reuters says. “The immediate next step for all of us is to get clear on our goals, and then take action and move,” Thompson said in the memo. Yahoo shares are down 10.5% over the last 12 months.
Yahoo Chief Plans Big Meeting Next Week As Upheaval Continues
What's Hot on Deadline
'Latin Lover' Gets More Love Thursday Night Than Emma Watson-Tom Hanks Thriller 'The Circle' - Box Office
M Night Shyamalan Unveils 'Glass': 'Unbreakable' & 'Split' Sequel To Star Bruce Willis, Samuel L Jackson, James McAvoy
Bravo Unveils Unscripted Slate With 6 New & 18 Returning Series; More 'Real Housewives' & 'Vanderpump Rules'
Latest Film News
- ‘Guardians Of The Galaxy Vol 2’ Rockets To $22.3M Through Thursday – International Box Office
- How ‘Real Rocky’ Chuck Wepner Survived Ring Beatings And 14 Year Biopic Ordeal
- ‘A Star Is Born’ Adds Rafi Gavron & Michael Harney
- Mister Smith Boards Dionne Warwick Doc ‘Don’t Make Me Over’ — Cannes
- Director Jim Sheridan’s Next: ‘H-Block’ Coming Together With Cillian Murphy, Jamie Dornan, Pierce Brosnan
- Rami Malek On The Run In 'Buster's Mal Heart'; Noomi Rapace Kidnapped In 'Rupture' – Specialty B.O. Preview