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Scott Thompson

O'Reilly Media

Yahoo layoffs will be "across the board," a source briefed on new Yahoo CEO Scott Thompson's cost-cutting plans tells us.

"It will be indiscriminant," says our source. "Instead of saying here's our strategy, now cut, it's just: everybody has to reduce."

This cut-first, ask questions later puzzles our source. Two reasons:

  • Thompson hasn't met with that many executives yet – "only 20 people".
  • This source says Thompson is making the cuts because he's managing for margins – something Wall Street doesn't care about. Wall Street wants revenue growth, says this source.

This source says Yahoo's layoffs will be small at first – "but this is going to be the first of the drip, drip, drip."

Told its details, Yahoo declined to comment on this story.

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Nicholas Carlson was Business Insider's global editor-in-chief from 2017 to 2024, overseeing its emergence as a National Magazine Award, Emmy, SABEW, and Pulitzer Prize-winning global news organization with more than 500 journalists reaching 200 million readers and viewers each month.Before that, he was Business Insider's chief correspondent.Carlson is also the author of "Marissa Mayer and the Fight To Save Yahoo!"He was an Executive Producer of "Quiet on Set: The Dark Side of Kids TV," which, during its debut week, was the most-watched television show on any streamer and the most-watched show in Max history.His investigative reporting rewrote the histories of Facebook, Twitter, and Groupon. He also wrote the award-winning features "The Truth About Marissa Mayer: An Unauthorized Biography" and "THE COST OF WINNING: Tim Armstrong, Patch, And The Struggle To Save AOL."Longform.org named "THE COST OF WINNING" the best long-form business story of 2013.Carlson's coverage of Yahoo won Digiday's award for Best Editorial Achievement of the year in 2014.In 2015 Carlson wrote a New York Times Magazine cover story, "What Happened When Marissa Mayer Tried to Be Steve Jobs." It was a finalist for a Mirror Award for best in-depth/enterprise reporting.Carlson began his journalism career at InternetNews.com and then Gawker Media's Valleywag. He went to Davidson College. Disclosure: Nicholas is an investor in private and public companies and adheres to Insider Inc's Conflict of Interest policy, which you can read here.