It’s Official: Yahoo Lays Off 2,000 Employees — 14 Percent of Workforce

CEO Scott Thompson promises that Yahoo, after staff cuts of 14 percent of the entire workforce, will be “smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require.”
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Yahoo’s Layoffs Tomorrow Morning of up to 2,000 Will Only Be the First Move of a Larger Purge to Come

A dark day will probably dawn by tomorrow in Sunnyvale.
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News Byte

Yahoo Product Org Changes Now Taking a Backseat to Company-Wide Restructuring (Memo!)

In a memo to his staff today, Yahoo’s Chief Product Officer Blake Irving said that the major planned changes he was making to the unit, which I reported about here, were going to get tabled. That’s due to the larger restructuring being done by CEO Scott Thompson, which he communicated to staffers about yesterday in yet another memo. “We have a bias toward action in Products and expected that our new org design would be in place well before any corporate changes took place,” said Irving, in part, from the email I nabbed. “However, it is clear now that the two efforts are starting to run in parallel, and making Product org changes prior to corporate changes no longer makes sense.”

CEO Thompson Tells Yahoos “Real Change Is Coming” (It’s Exclusive Internal Memo Time!)

The new leader addresses the nervous troops: Once more unto the breach, dear possibly laid-off Yahoos, once more …
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A Big Digital Kiss to Britannica: Change — It Is Okay (Look It Up!)

Nothing lasts forever but the earth and sky.
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Groupon Updates Privacy Rules, Including on Mobile Tracking and Sharing of Personal Information

Groupon sent out emails to its users this weekend, about changes it has made to its privacy statement and terms of use. Among the most notable changes is more information about the Chicago-based social buying start-up’s collection and use of mobile location information. In other words, if you let them, in order to improve the experience and make the app more useful, you’re being tracked.
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Liveblogging Demand Media's Q1 Earnings: Perky Perfecting!

Today, after Demand Media beat Wall Street expectations, its cheerful execs got on the horn with investors to explain how it plans to beat the Panda. That would be the beastly name for Google’s rejiggering of its search algorithm, in order to rid search results of poor quality content. BoomTown liveblogged the event, of course.

Demand Media About Latest Google Algo Impact: Move on, Nothing to See Here

Tonight, Demand Media–in reaction to a new study showing that its flagship eHow site had now gotten much more negatively impacted by Google’s rejiggering of its search algorithm than previously–released a statement and blog post about the tempest. The content maker’s unsurprising verdict on itself: We’re okay, thanks for asking!

Yahoo Bored Meeting? Not This Time!

Today and tomorrow, Yahoo’s directors are gathering here in Silicon Valley for one of their regular meetings that take place over the course of the year. While board meetings in general are usually pretty dull affairs–and Yahoo’s, in particular, are typically glacial ones–there is a lot on the plates of those with purview over the machinations of the long-struggling Silicon Valley Internet giant.

Hot Swap at the Top: AMD CEO Out