Yahoo! VP Calls For a Shakeup

prostoalex writes, "Yahoo!'s Senior VP Brad Garlinghouse sent out a company-wide memo calling for layoffs of 15-20% of Yahoo! staff and reversal of priorities to concentrate on major issues facing the company. (The Wall Street Journal posted a copy of the memo.) MarketWatch quotes Garlinghouse: 'I've heard our strategy described as spreading peanut butter across the myriad opportunities that continue to evolve in the online world. The result: a thin layer of investment spread across everything we do and thus we focus on nothing in particular. I hate peanut butter. We all should.'"

Comments

They've already been cutting staff

[linuxci]

I know someone who works in the Yahoo London office and there they've already been cutting back on some major departments. Fortunately he managed to find another job in his notice period, but it looks like a large portion of people there were getting the push.

These things unfortunately happen in any big company eventually if they have got involved in too many different areas.

Re:Google could be accused of the same thing

[nelsonal]

Yahoo finance seems to be the only product they have that is best in class (in my experience). It's probably the best ad supported place to go for info out there.