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SAN FRANCISCO, Dec. 5 — Yahoo said Tuesday that it was restructuring its operations and shuffling its management ranks amid growing criticism in and outside the company that it had become too bureaucratic to compete effectively against nimbler rivals.
It said it was restructuring its compliance functions and closing a number of customer accounts, which could affect its second-half performance.
The Cendant Corporation said yesterday that it was restructuring its board to comply with terms of a class action settlement that arose out of accounting irregularities.
The Ardagh Group firm said it was restructuring its UK operations.
BuzzFeed announced earlier this year that it was restructuring its entertainment group.
The company soon after released a statement explaining that it wasn't closing up shop, but it was "restructuring its operations".
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After criticism of its lack of direction, it was restructured in April (it now bravely includes a journalist from this newspaper).
Child poverty had also been dealt with by the Social Mobility and Child Poverty Commission, but the child poverty aspect of its remit was removed earlier this year when it was restructured as the Social Mobility Commission.
Anatoly Chubais, boss of Unified Energy System UESS), the state monopoly, had been trying to find sneaky ways to sell some of its generating assets to other oligarchs before it was restructured into separate generating and distribution companies.
In March 1994 it was restructured into almost 100 separate companies.
That debt totalled $85m two years ago when it was restructured.
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