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Yahoo to cut 15 percent jobs, close several units

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Re: Yahoo to cut 15 percent jobs, close several units

#73

What about Tumblr ? Is that thing still on? was it worth the bazillion dollars they spent on the aquisition. Also a long time ago, Yahoo made Mark Cuban a billionaire. What happened to the technology they acquired from his company?

Haha are you kidding? This game isn't about doing useful things or creating useful, long-lived products. This game is about worshipping people like Mark Cuban and Sam Altman who put a lot of money in their pockets while doing nothing of value. I mean seriously have you used Bebo lately? Do you know how much money the founders of Bebo punched out with?

Re: Yahoo to cut 15 percent jobs, close several units

#74
post #5

I feel bad for the 15%, but this was necessary. They are severely over-hired. I've gone over there a few times to talk to folks and it's clear that they have a lot of people that are basically making work for themselves because no one has any work for them that actually helps the business.

This is one of those things that folks learn over time. I've met masters of the "busy people" who, with no direction whatsoever from above have full meeting schedules, generating reports and presentations and white papers and generally "working hard" but it is all just running on a treadmill as far as I can tell. They are exercising their "execution" habits while waiting for something to actually do. It sort of amaze…

>all just running on a treadmill as far as I can tell.

Unfortunately, people lose their minds when some company announces layoffs, like some purposeful social harm is being done, yet somehow when a company is having massive hiring no one really questions how much of that is valid or sustainable. People become like you describe; they master the do nothing job via office cult cargoism. It must be exhausting to have a 'fake' job like this and knowing damn well that if you lose this job you may have nowhere to go.

I think 100 years from now our great grandkids will be living in an automation utopia and look at our daily work lives as something just a harrowing as any story from Kafka. There's a lot of craziness we let slide because we've convinced ourselves total employment is one of the main moral goals of a capitalistic society. Its probably not sustainable in later stages capitalism.

In my lifetime I expect to see GMI deployments in various nations as automation keeps eating the world. I have yet to be convinced that the status quo can be maintained and the cracks on the facade are already showing. Later stages capitalism is a totally different beast than early stages. This is all new ground.

Not too long ago this sounded like crazy sci-fi talk to me, but now that I'm in a partial management position I've been involved with hirings/firings and all sorts of staffing and productivity issues, this has shown me that employment in general is something of an illusion. I'd say 80% of the work/value done here is by 30 or 40% of the staff, maybe 20% if we're being really tough. A lot of hiring, if not most, is vanity hiring by VP's who want more people under them for status and budget reasons. This isn't some rational engine at work here. Its its own kind of bubble and as we saw in the 2008 mortgage crisis, it gets deflated pretty easily when money stops coming in. (5% to 10% unemployment in 12 months 2008-2009).

Re: Yahoo to cut 15 percent jobs, close several units

#75
post #34
post #5

I feel bad for the 15%, but this was necessary. They are severely over-hired. I've gone over there a few times to talk to folks and it's clear that they have a lot of people that are basically making work for themselves because no one has any work for them that actually helps the business.

I'm not saying it's totally Mayer's fault, but there are numerous stories reported in the media in 2015 where high level execs were basically in limbo in late 2014/early 2015 where she was scurrying to come up with the broad product strategy. This caused so much animosity and frustration, leads opted to leave the company for other positions. So your anecdote doesn't surprise me at all. If leads felt disempowered to m…

> where she was scurrying to come up with the broad product strategy.

You don't need a "broad product strategy" to do your job well. Unfortunately, many products coming out of Yahoo are shitty; and this should be fixed regardless of who's on top. Whatever you're working on, make sure it's first-class.

Just read this and weep: Jeff Bonforte, Yahoo's SVP for communications products, says: “I just try to ship products that I’m not ashamed of" Source: http://www.nytimes.com/2015/12/02/business/dealbook/yahoos-b...

Re: Yahoo to cut 15 percent jobs, close several units

#77
post #6

So I guess she did mean something when she said, "No layoffs...this week" [1] Brutal. [1] http://nypost.com/2016/01/18/marissa-mayers-job-safety-joke-...

love it.

Yeah, haha. Really funny that all those people lost their jobs. Great stuff.

Re: Yahoo to cut 15 percent jobs, close several units

#78
post #49

Earlier quoted context omitted.

In case anyone wanted a real answer, it's just advertising, as it has always been: http://static.tumblr.com/7drgjla/386nnw4n9/yahoo_inc._2014_a... "We generate revenue principally from search and display advertising on Yahoo Properties and Affiliate sites, with the majority of our revenue coming from advertising on Yahoo Properties. Our margins on revenue from advertising on Yahoo Properties are higher than our margi…

The REAL answer is "a tax efficient proxy for holding Alibaba shares".

Alibaba's market cap is $174B. Yahoo owns 24% of their stock. That's $41B of wealth right there. That's actually more than their own market cap, which is $28B!

I imagine the natural duopoly of tech is at work here. Google/Bing is pretty much it for web searching in the US, with no room for whatever engine Yahoo is borrowing this week. Gmail (gmail.com, google business apps, etc)/MS(Outlook/Hotmail, Azure, Exchange 365) for mail, etc. Not sure where Yahoo even fits anymore.

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