Yahoo Cuts 2,000 Employees

The layoffs at Yahoo Wednesday reduce its staff by about 14 percent, part of a turnaround by new CEO Scott Thompson. He's the third CEO at the Internet firm in four years. Thompson is aiming Yahoo toward better analysis of users' personal data to boost advertising revenue, and toward improving Yahoo for mobile devices.

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RENEE MONTAGNE, HOST:

NPR's business news starts with layoffs at Yahoo.

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MONTAGNE: Two thousand employees at Yahoo are receiving pink slips today. The cuts will reduce the company's staff by about 14 percent, part of the turnaround plan by new CEO Scott Thompson. He's the third CEO at the Internet firm in four years. During that time, Yahoo has seen several other mass layoffs, though today's announcement marks the deepest cuts to date. Thompson is trying to focus Yahoo on better analyzing the personal data of users in order to raise more advertising revenue. He also wants to improve the way people use Yahoo on mobile devices.

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