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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

#311

Post by discardorama »

anotherhacker wrote: post #300
discardorama wrote: post #255

Earlier quoted context omitted.

I was at Yahoo when Carol Bartz came in and did exactly that. And guess what? Morale plummeted. "The beatings will continue until the morale improves" .... ever heard of that?

Do you have a reference to that? I can't find any evidence that Carlo Bartz engaged in any retraining of employees. Again, I'm not suggesting cost cutting. I'm suggesting a move from frivolous expenses, to those which help make the employees more successful. As I commented before, Deming was all about training employees over firing them. https://www.deming.org/theman/theories/fourteenpoints

I was there when she cancelled the year-end party.

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

#312

Post by spikels »

skuhn wrote: post #267
spikels wrote: post #179

Earlier quoted context omitted.

About a year ago Yahoo said they expected Tumblr to generate $100 million in revenue (not profit) in 2015. I'm not saying Tumblr is profitable (don't think they ever said) or it was a great investment (cost $1.1B in 2013) but at least it generates significant revenue and uniques have around doubled since they bought it. That was a RELATIVELY good purchase.

That $100mm target was not achieved last year. I don't know what sort of revenue Tumblr actually generated in 2015 for Yahoo, but it seemingly wasn't $100mm and it definitely is nowhere near profitable. A few points: - Tumblr was reorganized and lost its independence [1]. Not a sign of happiness with their progress. - Tumblr has an enormous third-party CDN bill, to the extent that even $100mm of yearly revenue wouldn…

Not sure about everything you say but it looks like Tumblr didn't reach the $100 million revenue goal for 2015. They even marked it down $230 million.

http://www.engadget.com/2016/02/03/tumblr-lower-valuation-ya...

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

#313

Post by eru »

throwawayyawa wrote: post #305
eru wrote: post #274

Earlier quoted context omitted.

If you are smart enough to enjoy reading Hacker News, you might be smart enough to learn programming. Decent programmers are still very much in demand, no matter what nation-wide crisis you are talking about.

By the way, today I had a meeting with an IT coordinator in a sister-company. He knows everything about SAP. However, he had no clue as to what "Python" is. I work with dinosaurs apparently.

The SAP ecosystem is its own little world. Nothing to do with age: Python has been around since the late 80s (even though it's only been popular for shorter).

I once did an internship at the SAP mothership. They have good food.

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

#314

Post by eru »

throwawayyawa wrote: post #304
eru wrote: post #274

Earlier quoted context omitted.

If you are smart enough to enjoy reading Hacker News, you might be smart enough to learn programming. Decent programmers are still very much in demand, no matter what nation-wide crisis you are talking about.

I do know programming, and I enjoy it very much. But I work in a financial department where it's an alien concept, and as such, unauditable and dangerous. I barely get opportunities to put it in action these days.

I feel your pain.

Unauditable is a fun accusation: you probably use spreadsheets---and they are notorious for being write-only.

You can form a longer term plan to leave that industry and join the tech-industry.

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

#315

Post by free2rhyme214 »

dandare wrote: post #301
free2rhyme214 wrote: post #156

In the past 10 years with Yahoo I - deleted Yahoo Weather after they put huge ads and briefly used Flickr. In the past 10 years with Google I - use Gmail, Google Drive, Google docs, Google sheets, Search, Google Maps, Chrome, Waze and YouTube on a daily basis. I've also bought Chromecast and occasionally use Hangouts & Wallet. I'm excited about a lot of their Google X projects. The 15% job cut is because Marissa Maye…

All the mentioned Google services are being paid for by Google Search, a luxury that Yahoo never had.

Why didn't they innovate more?
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