Yahoo's new boss revamps recently created division
Yahoo's new boss is reorganizing a consumer commerce-division created by recently dispatched CEO Scott Thompson.
Instead of operating as a separate division, Yahoo's commerce operations will operate within the company's global media team.
Interim CEO Ross Levinsohn announced the decision in a memo sent Thursday to Yahoo Inc. employees.
The reversal comes a month after Thompson created the consumer-commerce division to help revive Yahoo's revenue growth.
Thompson stepped down from Yahoo last weekend after just four months on the job. His departure was triggered by the revelation that his resume included a college degree in computer science that he never received.
Now, one of the executives hired by Thompson is out a job at Yahoo, too. Sam Shrauge is leaving after joining Yahoo last month to oversee the consumer-commerce division.
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