Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Yahoo Chief Product Officer Blake Irving Leaving Company

RELATED NEWS
Trade YHOO now with 

Yahoo! Inc.'s (YHOO: Quote) chief product officer Blake Irving is leaving the company, amid a turnaround effort by the internet firm.

Yahoo announced a layoff of about 2,000 employees, or 14 percent of its global workforce, on Wednesday as it revamps itself into a slimmer company.

"We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose - putting our users and advertisers first - and we are moving aggressively to achieve that goal," CEO Scott Thompson said in a statement at that time.

Irving, who worked earlier for Microsoft Inc. (MSFT), joined Yahoo! in 2010 when Carol Bartz was at the helm of the internet firm. A major part of the layoff that the company has just announced is said to be happening in his side of the business. He is reportedly opposed to tmany changes that Thompson has planned.

YHOO closed on Thursday at $15.06, down $0.21 or 1.34 percent, on a volume of 11.72 million shares.

Click here to receive FREE breaking news email alerts for Yahoo! Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Here is a list of interesting stocks to watch on December 19. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed below and many more have been researched already, and... Shares of OvaScience Inc. (OVAS) have had a strong run in 2014, rising over 370 percent year-to-date. And that's indeed a very impressive return delivered by the fertility treatment company, which suffered a setback last year when it had to suspend a U.S. trial of its flagship fertility treatment due to regulatory concerns raised by the FDA. Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.