Yahoo to Shut Down 50 More Products, to Focus on Core Assets

Yahoo's new boss Scott Thomson may only be a few months into his job, but he's made an impact, not necessarily a good one. Yet another reorganization is underway, thousands of people have been laid off and more will be in the future.

Yahoo recently sued Facebook for patent infringement. And now the CEO talks about shutting down some 50 Yahoo properties, this after the previous CEO, Carol Bartz shut down tens of them already.

Thomson made no indication on what those properties were, but he did say that the future of Yahoo is focused on the properties that work, its core assets such as Mail, Finance, Sports and so on.

Mostly, he aims to cut down the things that don't make money and he warned that there may be a small dip in revenue as a result, but a much bigger increase in profits.