“The changes we’re announcing today will put our customers first, allow us to move fast, and to get stuff done…smaller, nimbler, more profitable…We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities.”-Yahoo memo to employees

On March 31, 2012, rumors hit the internet that Yahoo was in trouble and would fire thousands of employees.

April 4, 2012, Chief Executive Scott Thompson revealed they will indeed lay off 2,000 employees.

Thompson said he would reveal more details on April 17.