Yahoo to announce restructuring this week

No shock. Yahoo has been floundering for too long. Watch for Microsoft talks to get reignited.

Yahoo Inc Chief Executive Carol Bartz could announce a major management reorganization as early as next week, according to the blog AllThingsD. The Wall Street Journal-affiliated blog, citing several sources inside and outside the Internet company, said the revamp would likely come on Wednesday, although it could be pushed out a week or two or rolled out in pieces. – From Reuters

Yahoo Inc.’s new chief executive, Carol Bartz, may announce a management restructuring as early as Wednesday, according to The Wall Street Journal. The Journal, citing unidentified people, said in a report published on its Web site Saturday that a memo from Bartz suggested there would be a reorganization and that many top executives knew few details about it. Bartz is likely to undo or scale back prior reorganizations by former CEO Jerry Yang, the paper said, citing the expectations of many. – From Business Week

Yahoo management is likely to undergo a major restructure next week, according to industry sources. The firm’s new chief executive, Corol Bartz, would make the sweeping changes in order to better position the firm following her predecessor Jerry Yang’s difficult period of tenure. Under Yang’s leadership and the management structure he put in place, Yahoo experienced a continuing decline against Google in search market share, swinging share prices caused by a failed Microsoft acquisition attempt and collapse of a Google search deal that would have brought the company a significant increase in revenue. – From vnunet.com