Recent news in Yahoo has a number of innovators — primarily young, talented, and influential Yahoo employees (in addition to some bigger execs) — leaving the company. Among those have been Joshua Schachter of delicious, the Flickr founders, and big blogger Jeremy Zawodny. With the blogosphere abuzz of these recent developments, Yahoo must have decided it had to act. CNET reports that Yahoo upper management has been restructured to improve operations within the company.

Will this be the final reorganization? Probably not, as forum members suggest. With Yahoo and Microsoft not teaming up in the near future, CNN Money writes that Google, who may step in, is feeling the heat from Microsoft on claims of antitrust (which I find rather ironic, but moving on.). At the end, though, these two components together may improve all things for Yahoo. Yahoo has told its shareholders that a partnership with Google is better (and well, they may be right considering Google’s search share). The reorganization may also help boost Yahoo’s image in the eyes of shareholders.

Not everyone agrees with this sentiment, as there is still a concern about Google’s control of 90% of the market. Many would rather see a Yahoo-Microsoft partnership than a Yahoo-Google partnership. But that’s not happening right now. And forum members say that Microsoft should focus on creating sites with better user experience than to whine about antitrust.

Forum discussion continues at WebmasterWorld (Yahoo reorganization), WebmasterWorld (Microsoft vs. Google), and WebmasterWorld (Yahoo’s message to stockholders).