As expected, Yahoo cut employees and restructured, and AllThingsD has the CEO’s memo which discusses how the restructuring will look.

Yahoo is breaking themselves into three main groups; Consumer, Regions and Technology.

Yahoo Search, whatever is left of it, is part of Consumer. Consumer is then broken into three groups; Media, Connections and Commerce. Yahoo Search, whatever is left of it, is part of Connections.

Connection is being led by Shashi Seth, who is currently the Senior Vice President of Search & Marketplaces at Yahoo. Seth’s role will expand well beyond and include more properties. Yahoo’s new CEO explained:

FYI, Yahoo uses the term “connections” for your contacts within the Yahoo network. So search is falling under properties including Yahoo Mail, Messenger, Flickr, Answers and more.

Interesting times for Yahoo.

Forum discussion at WebmasterWorld.