Yahoo has laid off part of its search team as part of a new restructuring move, we’ve learned. Yahoo declined to comment on the number of people who were affected, but did confirm that there were layoffs in its Search group and gave us the following statement:
“Yahoo! remains focused on innovating the overall Search experience over the long-term, and the Yahoo! Search group is hard at work on some new experiences that we believe will convert Yahoo! users to Yahoo! searchers. To accomplish our new product objectives, we have decided that we need a different combination of talent and are making changes within the search group in order to more deeply invest in other areas of the group. “
Yahoo is, of course, outsourcing its search engine to Bing as part of a deal that was forged between Yahoo and Microsoft last year. It’s unclear if the layoffs are directly related to the deal, but it seems likely. Soon after the search deal was announced, Yahoo CEO Carol Bartz alluded to future layoffs as a result of the integration.
Yahoo previously held a major round of layoffs last spring, when it cut 5% of its staff, or around 700 people.
Yahoo was founded in 1994 by Stanford Ph.D. students David Filo and Jerry Yang. It has since evolved into a major internet brand with search, content verticals, and other web services. Yahoo! Inc. (Yahoo!), incorporated in 1995, is a global Internet brand. To users, the Company provides owned and operated online properties and services (Yahoo! Properties, Offerings, or Owned and Operated sites). Yahoo! also extends its marketing platform and access to Internet users beyond Yahoo! Properties through its distribution network...
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