logo
Plus   Neg
Share
Email

Yahoo Chief Product Officer Blake Irving Leaving Company

Yahoo! Inc.'s (YHOO) 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.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Each year, more than eight million children die from preventable diseases in countries with the worst health care systems . Kofi Annan, former head of the UN, said that, "Almost all these deaths will happen in developing countries. A large number of them could be prevented." You do not want to find... As Canada prepares to legalize marijuana nationwide later this year, a national survey by Statistics Canada has thrown up some interesting facts - including that legal marijuana is not a temptation for most Canadians. Regardless of cannabis use, 79 percent of Canadians surveyed said they would not be more likely to try or increase their cannabis consumption just because it is legalized. The Procter & Gamble Company (PG) reported third-quarter net earnings per share of $0.95, an increase of two percent versus the prior year. Net earnings from continuing operations declined 1% year-over-year to $2.54 billion. Core earnings per share increased four percent to $1.00. On average, 20 analysts...
RELATED NEWS
Trade AABA now with 
Follow RTT