Yahoo is commencing its long-anticipated reorganization, per a memo this morning from CEO Scott Thompson.
Effective May 1, Yahoo will operate in three groups -- consumer, regions, and technology -- all supported by Yahoo's established corporate teams, the memo says. Thompson said the move is designed to organize Yahoo's activities around its customers, not its employees.
"It's time for Yahoo to move forward, and fast," Thompson reportedly wrote to employees, a copy of which CNET has seen. "And as we do, I want every one of us to keep one thing top of mind: … Read more