Yahoo revival strategy to be revealed

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YAHOO chief executive Scott Thompson is expected to outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next week, days after he announced the deepest round of job cuts in years.

The company, once a dominant internet media and search powerhouse which has since seen its growth eclipsed by Google and Facebook, announced this week it would lay off 2,000 people and set in motion a broad restructuring. It did not provide details of that plan.

The reorganisation meeting on Tuesday is likely to focus around the three main businesses that Mr Thompson cited in a memo to staffers on Wednesday: “core media and communications,” “platforms” and “data.”

The layoffs slashed 14 per cent of Yahoo’s headcount and cut across all of Yahoo’s organizations, including marketing, research and product groups.

The fate of several Yahoo businesses remain uncertain, particularly the search business, which still employs roughly 1,800 staffers for search, an executive said.