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Yahoo plans to shut down over 50 'non-core' products | Embattled Internet firm Yahoo's chief executive Scott Thompson has planned to axe dozens of products that are not seen as 'core' to the firm. Thompson, who
announced the move following the firm's latest financial report, said it would
be 'shutting down or transitioning roughly 50 properties that don't contribute
meaningfully to engagement of revenue'. He did not mention which units would be
abandoned, but said that news, finance, sports, entertainment and mail were safe,
The BBC reports. "Each of our products and services may individually generate
more engagement than most start-ups or even mid-sized companies in certain markets,
but that does not mean that we should continue to do everything we currently do,"
he said. ccording to the report, Thompson, the firms' fourth CEO who joined the
company only in January, said Yahoo's collaboration with Microsoft was 'not yet
delivering' what had been expected. The two firms, that agreed to team up in 2009,
planned that Microsoft would provide Yahoo with the search results produced by
its Bing service, which Yahoo would tailor to its audience. In addition Yahoo's
sales force would target 'premium' advertisers on behalf of both firms.
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