Yahoo Announces Organizational Changes

Authored by Mark Hefflinger on June 27, 2008 - 9:28am.

Sunnyvale, Calif. - Shares of Yahoo (NASD: YHOO) slid slightly% on Friday, a day after the company announced a series of organizational changes aimed at bolstering its business.

Among the changes are the centralization of Yahoo's consumer product development activities, the creation of a U.S. region, the formation of an insights strategy team and enhancements to the company's technology infrastructure designed to improve coordination between its product and engineering teams.

Jerry Yang, Yahoo's CEO, said that the moves will help the company "build great products, grow our audiences and improve monetization globally."

Chief among the company's technology goals will be to develop a new cloud computing and storage infrastructure, as well as to "rewire" Yahoo onto common platforms.

 

Related Links:
http://biz.yahoo.com/bw/080626/20080626005924.html?.v=1

tags: Moves | Yahoo | Jerry Yang |

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