Yahoo CEO expected to announce major restructure

Yahoo CEO Carol Bartz is expected to announce a major restructure of the company this week, according to reports.

It is understood that Bartz (pictured), who is currently overseeing an internal review of all the company’s products and services, will reveal widespread changes on Wednesday.

Bartz is believed to be planning wholesale changes to the staffing and products structure implemented by predecessor Jerry Yang, echoing work undertaken at her previous company Autodesk where as CEO between 2002 and 2006 she boosted revenues from $285m (£196m) to $1.523bn (£1.04bn).

In an internal memo on Friday Bartz told Yahoo staff to “get well-rested, because next week’s a biggie”.

Since Bartz took over from Yang in January Yahoo has posted Q4 losses of $303m (£212m) and last month closed its Ads in RSS programme.

This story first appeared on newmediaage.co.uk

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