Technology, Ceo | featured news

Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don't fit into his plans for turning around the beleaguered Internet company. The cuts announced Wednesday represent about 14 percent of the 14,100 workers employed by Yahoo.

The front page of the internet has a new CEO. Reddit has chosen Yishan Wong to fill the online community’s top spot. Wong will oversee reddit.com, redditgifts.com, and reddit.tv. Writing at the reddit blog, Wong made the announcement, noting that he didn’t think, at first, that he would be a serious candidate for the position.

Yahoo’s new CEO Scott Thompson is preparing a massive restructuring of the Internet search firm, including layoffs that are likely to number in the thousands, according to a report.

Don't expect a initial public offering of shares of Twitter anytime soon. CNN is reporting that the company has placed restrictions on employees who hold shares, forcing them to keep 80 percent of the shares they own. The cable news outlet cited company emails about the policy, which has been in effect for a year, and said at least one high-level employee resigned because of the policy....

The Federal Bureau of Investigation released a decades-old file it kept on Steve Jobs, the deceased Apple Inc. (AAPL) co-founder, after a background check and bomb threat against the executive.

Memory company Micron Technology has appointed Mark Durcan as its new CEO, quickly replacing the former CEO Steve Appleton who died in a plane crash on Friday.

Japan's ailing electronics giant, Sony Corp, warned investors on Thursday it was heading for a worse-than-expected $2.9 billion annual loss, revealing the daunting task ahead for its incoming chief executive, Kazuo Hirai.

Mr Yang founded the online company in 1995 with David Filo and was its chief executive from June 2007 until January 2009. His resignation comes two weeks after the company hired former PayPal executive Scott Thomson to be its new chief executive.

The tech world was abuzz Monday when the compensation package for Apple's new CEO Tim Cook was released. The total for 2011? $378 million.

Yahoo Inc. has named Scott Thompson, president of eBay Inc.'s PayPal division, as its new CEO, the fourth one in less than five years for the struggling Internet company.