Just one day after announcing 600 layoffs, portal giant Yahoo has announced it will likely begin shutting down most of its 'underperforming' assets, such as AltaVista, MyBlogLog, Delicious and Buzz.
AltaVista, the search site of choice for many in the 1990s and early 2000s, has seen its market share dwindle to nothing over the past half-decade.
The online news aggregator Buzz and the social bookmarking service Delicious have seen similar results and are considered "non-core" Web properties.
For now, the company is "still evaluating its options" on the sites and services.
"Part of our organizational streamlining involves cutting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond," added a Yahoo spokesperson (via WSJ).
"We continuously evaluate and prioritize our portfolio of products and services, and do plan to shut down some products in the coming months," she added. "We will communicate specific plans when appropriate."z18LDrioL5
The online news aggregator Buzz and the social bookmarking service Delicious have seen similar results and are considered "non-core" Web properties.
For now, the company is "still evaluating its options" on the sites and services.
"Part of our organizational streamlining involves cutting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond," added a Yahoo spokesperson (via WSJ).
"We continuously evaluate and prioritize our portfolio of products and services, and do plan to shut down some products in the coming months," she added. "We will communicate specific plans when appropriate."z18LDrioL5
