For those who thought that Yahoo is far from setting foot in the grave, here is some news that may not be as exciting. Scott Thompson, the CEO who was hired in January, announced during the quarterly results conference company will discontinue services 50. This attitude was expected after Yahoo announced in early April it would lay off about 14% of its employees, which amounts to 2 thousand of them.
Obviously the services that have large numbers of users should remain like Flickr, Yahoo Mail, Yahoo Sports and others. According to a source of TechCrunch, among the services to be canceled in the future are Yahoo Music and other services with a focus on entertainment.
About cutting services, Scott said that “does not believe that we need to reinvent who we are, but the user experience” and I think this laudable idea. After all, with fewer services which take account Yahoo can focus on what matter most and develop specific growth strategies. But the company has gone through several CEOs, restructuring and probably a lot of macumbas to try to keep standing, which is not a good sign. And none of the recently launched services could achieve the same critical mass.
I am nostalgic and still believe that Yahoo has a chance to recover as web company, for more than the signs point in the opposite direction. Is that you?