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Yahoo Exec Calls For Job Cuts In Leaked Memo

Yahoo needs a dramatic organisational shake-up and cuts in its workforce of up to 20%, according to an internal memo written last month by senior vice president Brad Garlinghouse. The document was published in the Saturday edition of The Wall Street Journal. A Yahoo spokesman confirmed the authenticity of the memo, but declined to comment directly on its content.

The WSJ story also describes rumours that COO Dan Rosensweig and CFO Sue Decker could be elevated to co-presidents, in preparation for the retirement of chairman and chief executive Terry Semel, who joined the company five years ago. The newspaper also writes that Garlinghouse is going to investigate the cuts he raised in the leaked memo.

Read the whole story at Reuters via Silicon.com »

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