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The cut was expected to save around 5 million annually after the layoffs are completed at end of 2012.

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) is an American multinational technology company headquartered in Sunnyvale, California. is the highest-read news and media website, with over 7 billion views per month, being the sixth most visited website globally, As of 28 December 2016 The term "hierarchical" described how the Yahoo database was arranged in layers of subcategories.

It is globally known for its Web portal, search engine Yahoo! However, Filo and Yang insist they mainly selected the name because they liked the slang definition of a "yahoo" (used by college students in David Filo's native Louisiana in the late 1980s and early 1990s to refer to an unsophisticated, rural Southerner): "rude, unsophisticated, uncouth." This meaning derives from the Yahoo race of fictional beings from Gulliver's Travels. Like many search engines and web directories, Yahoo added a web portal.

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According to third-party web analytics providers, Alexa and Similar Web, Yahoo!

It is one of the most popular sites in the United States.

Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website.

By 1998, Yahoo was the most popular starting point for web users. Its stock price skyrocketed during the dot-com bubble, Yahoo stocks closing at an all-time high of 8.75 a share on January 3, 2000.

In September 2011 she was removed from her position at Yahoo by the company's chairman Roy Bostock, and CFO Tim Morse was named as Interim CEO of the company.

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