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Yahoo to cut 15 percent jobs, close several units

reuters.com

101–110 of 315 posts

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

#101
post #45

Article primarily references information from the WSJ article, but WSJ now has a super-paywall and the "web" trick no longer works.

I noticed this a few days ago, the came from google trick no longer works. Anyone have a workaround for this?

The "came from google" trick is still working for me when I use a private window in Google Chrome on OS X. Both versions latest available.

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

#102
post #11

Earlier quoted context omitted.

This, IMHO, is the crucial point: what exactly is Yahoo's business? As an outside watcher I have no clue (I am also stupid). Hopefully people working there have better insight than myself.

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…

... I didn't even know they had a real-estate site. This is their principal revenue source?

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

#103
post #86
post #80

They're going to kill Yahoo because some rich assholes don't want to pay their taxes.

No, they're going to kill Yahoo because it deserves to die; a company not making money doesn't really have a reason for existence, does it? (Or it should become a charity instead.)

Umm no. Yahoo still makes a lot of money.

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

#104
post #86
post #80

They're going to kill Yahoo because some rich assholes don't want to pay their taxes.

No, they're going to kill Yahoo because it deserves to die; a company not making money doesn't really have a reason for existence, does it? (Or it should become a charity instead.)

I think there is some value in providing jobs to 10,000 people (currently more, soon a little less) even if there's no extra profit for shareholders on top of that. Maybe these kinds of companies should just be given to employees for free and run as a co-op instead of getting shut down.

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

#106
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.

What is Yahoo's business these days ? from my little understanding they look like a glider looking hard to find hot air pockets to sustain longer, but I don't understand what they do to get money.

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

#110

Earlier quoted context omitted.

Nice. Anyone staying at Yahoo despite a continuous, management-driven, downward spiral was already laying themselves off. Just a matter of time. That was before she even entered the picture. I respected her attempt to rescue one of the greats of the Old Web but it was beyond salvage. Now, it will be streamlined, gutted, and sold most likely. As financial management wanted all along...

I know it is popular to hate on the finance industry and management and all, but...honest question here...was there really a better solution? Not trying to discount the human element as it absolutely sucks that many people will lose their jobs. But reallocating that capital that was tied up in Yahoo and clearly not doing any good there seems like an overall smart move if it couldn't be saved. What would a better alte…

Depends on one's goal and perspective. Finance people's goal is to squeeze money out of an investment. This is why most companies in Silicon Valley wont stay: they're built up on lies to employees and customers to eventually be sold at greater value and gutted. That was what finance wanted to do to Yahoo for a while. They also put in place one bad leader after another with a similar philosophy that damaged the company. This philosophy ignores customers and workers entirely.

My philosophy is more stakeholders than shareholders. Hers apparently was, too. It says at least make an attempt to innovate your way out of a bad situation to get a win for everyone. She tried that with an impressive effort. Ship long sailed, though, so she failed as I expected. Now, with efforts attempted, it's morally right in my model to abandon Yahoo and re-invest that capital. Workers and customers should definitely jump ship, too, if they can.

While we're at it, consider Amazon. Every piece I read for years was how they should do the same do to no or low profit. Yet, they pushed forward with growth and one innovation after another. One set of those became Amazon Web Services. A mini-revolutiom in IT followed. Would you rather they had just listen to finance people and quit long before that? What would cloud market look like?

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