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The cut was expected to save around 5 million annually after the layoffs were completed at end of 2012.
On May 13, 2012, Yahoo issued a press release stating that Thompson was no longer with the company, and would immediately be replaced on an interim basis by Ross Levinsohn, recently appointed head of Yahoo's new Media group.
Yahoo closed Yahoo Buzz, My Blog Log, and numerous other products on April 21, 2011.
Yahoo Photos was closed on September 20, 2007, in favor of Flickr.
On May 19, 2013 the Yahoo board approved a $1.1 billion purchase of blogging site Tumblr.
Tumblr's CEO and founder David Karp would remain a large shareholder.
On October 16, 2007, Yahoo announced that it would discontinue Yahoo 360°, including bug repairs; the company explained that in 2008 it would instead establish a "universal profile" similar to the Yahoo Mash experimental system.
Yahoo partners with numerous content providers in products such as Yahoo Sports, Yahoo Finance, Yahoo Music, Yahoo Movies, Yahoo Weather, Yahoo News, Yahoo!
In February 2008, Microsoft Corporation made an unsolicited bid to acquire Yahoo for .6 billion.
Yahoo formally rejected the bid, claiming that it "substantially undervalues" the company and was not in the interest of its shareholders.
In response to Google's Gmail, Yahoo began to offer unlimited email storage in 2007.Tags: Adult Dating, affair dating, sex dating