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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....

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.

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.

This week's resignation of New York Times chief executive Janet Robinson caught even senior executives by surprise. But for several years she had come under criticism for digital missteps.

You heard right. Eighteen months from now Thierry Breton, CEO of Atos—one of the largest information technology companies in the world, plans to have eliminated email as a communication and collaboration medium within his company. “If people want to talk to me, call or send me a text message,” said Breton. “Emails cannot replace the spoken word.”

Groupon Inc sold more than 650,000 holiday deals between Black Friday and Cyber Monday, an increase of 500 percent compared with last year, Chief Executive Officer Andrew Mason said in a blog post on Wednesday.

The head of Yahoo's online advertising business in North America said Monday he has been too busy trying to bring in more revenue to consider whether he would be willing to become the struggling Internet company's next CEO. Ross Levinsohn, Yahoo Inc.'s executive vice president of Americas, made his remarks during the kick-off of the Web 2.0 Summit. That's a three-day Internet conference that annually attracts prominent technology executives.