logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
RELATED NEWS
Trade YHOO now with 
Follow RTT