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Yahoo to cut 15 percent jobs, close several units

reuters.com

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

#111

Post by arcticfox »

agumonkey wrote: post #106
jedberg wrote: 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.

~12-13% US search market share. That's a HUGE amount of traffic. Plus they have relatively dominant positions in a few oversea search markets.

And quite a lot of display advertising.

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

#112

Post by jonknee »

Igglyboo wrote: post #83
pgz wrote: 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.

They own tumblr, and a ton of alibaba shares.

And only one of those is valuable.

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

#116

Post by jorgecurio »

> “She said there are going to be no layoffs ‘this week,’ and many of the employees laughed at her,” said one insider, who, fearing retribution, asked not to be named.

Isn't this a sign that the modern corporation hierarchy is just a continuation of feudalism with smartphones? At least in Yahoo it seems.

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

#117

Post by [deleted] »

nobleach wrote: post #99
legohead wrote: 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-...

It's incredibly sad when something like this happens. And I sure hope anyone who's found themselves out of a job, success in finding another. Even the "lower performers" still need to work. What I do hope for Yahoo, is that they're taking a solid look at who they consider expendable. Are self-important big shots also losing their jobs? Or are they too important to fire? When I see any company start to get rid of thei…

[deleted]

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

#118

Post by agumonkey »

arcticfox wrote: post #111
agumonkey wrote: post #106

Earlier quoted context omitted.

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.

~12-13% US search market share. That's a HUGE amount of traffic. Plus they have relatively dominant positions in a few oversea search markets. And quite a lot of display advertising.

Oh well I underestimated that figure...

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

#119

Post by lisper »

nobleach wrote: post #99
legohead wrote: 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-...

It's incredibly sad when something like this happens. And I sure hope anyone who's found themselves out of a job, success in finding another. Even the "lower performers" still need to work. What I do hope for Yahoo, is that they're taking a solid look at who they consider expendable. Are self-important big shots also losing their jobs? Or are they too important to fire? When I see any company start to get rid of thei…

> Melissa

Marissa

> I wonder how easy it'll be for her to find a job

Marissa's net worth is well into nine figures. I wouldn't worry about her too much.

And she can always run for president as a Republican.

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

#120

Post by cpayne »

jlarocco wrote: post #46
legohead wrote: 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-...

Unbelievable. It sucks to be laid off, but they're better off in the long run to get away from a company with leadership like that.

(In over 20 years) I've been laid off 3 times.

I know how much it sucks the first & second time, but once you see the warning signs there is no glory in hanging around.

For me, being laid off (or resigning) is just another skill I got better at (like learning a new tech stack or framework).

You are right, with leadership like that, the environment must be toxic...

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