Yahoo CEO Terry Semel Says Reorg Won’t Mean Big Layoffs

Dec 8, 2006 at 9:01am ET by Barry Schwartz

Yahoo’s reorganization will not mean layoffs, at least in the range of 15 to 20 percent, according to a TV interview with Yahoo CEO Terry Semel.

TechCrunch summarizes the interview which comments on the 15 to 20 percent reduction that Yahoo senior vice president Brad Garlinghouse called for in his recent peanut butter memo.

Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here.

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