If you are one of the 15% who were let go, ping me at christian@smarthires.io and I'll personally try to help you find a new job. We are working with many companies from YC and other VCs!
Yahoo to cut 15 percent jobs, close several units
211–220 of 315 posts
Re: Yahoo to cut 15 percent jobs, close several units
#212My only hope wrt Yahoo is that Yahoo Finance gets sold to someone before the company implodes. It's basically the only top notch, useful site they run.
The Yahoo Sports app is really good (and seems to be quite popular). Game times, vegas odds, scores, etc. for all sorts of different US and international sports. I'm hoping they continue supporting it.
Re: Yahoo to cut 15 percent jobs, close several units
#213So 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-...
Typical ivory tower lack of awareness and humility. She would make a great politician.
Re: Yahoo to cut 15 percent jobs, close several units
#214Earlier quoted context omitted.
A few hundred bucks per attending employee for a Christmas party is a lot by most working people's standards... probably like 12x + what their company would spend.
Yes, by most people's standards, which is why the piece is working, it creates envy in a lot of people. Same with the "free food" spiel. But Yahoo is competing for Silicon Valley software engineers, and perks are very common, so if you don't have free food, free snacks, office parties, events, and other benefits, you'll have to pay your employees a lot more. Perks are incredibly cheap for the company, because people…
Enough with the free snacks and parties.
You know what I want as a perk? The company turns off at 5pm. That's it, no more work, go home, no exceptions. Company email shuts down, no access on your smartphone until 9am.
Now that's a perk. I'll buy my own junk food[0], and I'll go to parties with my friends, not my coworkers.
[0] or, well, I won't - another problem with the perks, I want to snack on carrots and skim greek yogurt, not chips, candy, and beer.
Re: Yahoo to cut 15 percent jobs, close several units
#215Earlier quoted context omitted.
Yes, by most people's standards, which is why the piece is working, it creates envy in a lot of people. Same with the "free food" spiel. But Yahoo is competing for Silicon Valley software engineers, and perks are very common, so if you don't have free food, free snacks, office parties, events, and other benefits, you'll have to pay your employees a lot more. Perks are incredibly cheap for the company, because people…
I see your point, but to be honest I'd probably pay not to have to attend Christmas parties at many places I've worked at. I suspect I'm not alone in feeling like this. Point being I don't know that this is really much of a perk......
Company Christmas party = another night that I can't spend with my girlfriend, lifting or climbing at the gym, reading, working on open source... and anything else that isn't hanging out with increasingly intoxicated people.
Re: Yahoo to cut 15 percent jobs, close several units
#216Re: Yahoo to cut 15 percent jobs, close several units
#217Earlier quoted context omitted.
Almost every major tech company is always hiring. But the process of ACTUALLY HIRING is a different story. Some company does it quick, even if there's a layoff. Some company takes forever to complete interview and paper work even if there is no layoff. And then there are companies doing layoff and new hiring goes through strict budget reviews. It depends. Furthermore, you can close a whole useless business project an…
> It's quite interesting that in the latter case some company prefers to fire everyone and hire back some of them. I have seen that before. I wonder why they'd do it, instead of an internal transfer. Any idea why?
When I've seen this happen, it's been pure mismanagement. An order goes out to do layoffs, so people get laid off. Within days, people realize that they've laid off critical employees who can't be replaced and they get hired back as contractors. The employees who got laid off aren't happy about it, so the ones that do come back demand huge raises and some don't come back.
Re: Yahoo to cut 15 percent jobs, close several units
#218Earlier quoted context omitted.
The figure is based upon stock options and bonuses. It's here in this picture: http://static2.businessinsider.com/image/566edfb272f2c150028...
That's still not close to 100MM/yr and it's contingent, but look, we probably all agree that Yahoo's investors didn't get their money's worth on a marquee CEO. It is, however, weird to me that everyone's so quick to blame Mayer for that. She didn't make up the game. The game stays the game. If it wasn't Mayer presiding over the decline of Yahoo --- probably still after acquiring Tumblr! --- it'd've been someone else.
It all depends on whether those same people would be just as quick to credit her if she had in fact managed to turn Yahoo! around. Personally I don't think it could have been done, it was just too far gone in terms of momentum.
Re: Yahoo to cut 15 percent jobs, close several units
#219Earlier quoted context omitted.
I see your point, but to be honest I'd probably pay not to have to attend Christmas parties at many places I've worked at. I suspect I'm not alone in feeling like this. Point being I don't know that this is really much of a perk......
Company Christmas party = another night that I can't spend with my girlfriend, lifting or climbing at the gym, reading, working on open source... and anything else that isn't hanging out with increasingly intoxicated people.
One night a year is onerous? For an event that it seems your coworkers enjoy?
Re: Yahoo to cut 15 percent jobs, close several units
#220Earlier quoted context omitted.
That's still not close to 100MM/yr and it's contingent, but look, we probably all agree that Yahoo's investors didn't get their money's worth on a marquee CEO. It is, however, weird to me that everyone's so quick to blame Mayer for that. She didn't make up the game. The game stays the game. If it wasn't Mayer presiding over the decline of Yahoo --- probably still after acquiring Tumblr! --- it'd've been someone else.
I have a lot of disorganized thoughts on this issue. Please bear with me as I try to gather them together. For the sake of exposition, let's say Mayer makes some $$MM/y, the exact number isn't really important to my point past a certain level, which she most certainly is. What is she being paid that amount for? Let's explore each of the obvious options I see, and an expected common reaction (Had written logical, but…
Marissa was explicitly and publicly hired to turn around the company.
She's being paid to take the personal risk of career-ending failure. It's a way for her to hedge the bet she made that she could turn the company around.
This goes for all CEOs, the high salary is not compensation for labour, it's a risk premium the shareholders pay to get someone to take the job. For example, in many jurisdictions, the CEO is personally responsible for certain crimes that employees are committing, e.g. the CEO can go to jail if the company commits tax fraud.
That said, it's also a complete old boys' network and the risk premiums are extremely inflated, but that's nepotism for you.