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Yahoo To Fire Another 15% As Mayer Attempts To Hang On (theguardian.com)
New submitter xxxJonBoyxxx writes: Yahoo chief executive Marissa Mayer has announced plans to cut the company's workforce by 15% and close five foreign offices by the end of 2016 after announcing a $4.4bn loss. Yahoo shares have fallen 33% over the past year, including a 17% drop in the last three months. Its shares fell again in after-hours trading after Mayer announced her plan. Yahoo expects its workforce to be down to 9,000 and have fewer than 1,000 contractors by end of 2016. About a third of Yahoo's workforce has left either voluntarily or involuntarily over the last year. And the cuts may just be starting: one activist investor (SpringOwl) says the total number of employees should be closer to 3,000 for a company with its revenue.
Don't be silly. How could she fulfill her mission of making Carly Fiorina look competent by comparison if she gave up now?
"Oh my God. This is terrible. This is the end of my Presidency. I'm fucked."; ~ Donald J. Trump
with 50% of the staff fired now, they have removed the bottom 50% of performers. So those remaining must be deleriously happy to be working with such elite peers. their productivity must be skyrocketing now that all the deadwood and even mediocre but dilligent workers are gone.
Some drink at the fountain of knowledge. Others just gargle.
Then there will be a /. thread complaining about why you should have been fired.