Seven months after a management shakeup, Yahoo is still looking for a map.
The Internet giant announced plans on Tuesday to cut 1,000 jobs (or about 7 percent of its workforce) next month but failed to outline a concrete strategy for regaining lost ground in search and catching up in online advertising to Google, as well as fending off competition from upstarts like Facebook.
More troubling, the company failed to provide any details about which business units would get hit. Cuts will not be across the board, but rather targeted as investments will be, executives said. While it's … Read more