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.

Comments

Big change: telecommuting

[Anonymous Coward]

Mayer made one big change: doing away with telecommuting.

Re:If she really wanted to rescue the company...

[whoever57]

For example, the guy who used to run the division of the (huge) company that I work in ended his tenure, and had a contract that basically said "when you leave here, you can't work in this industry again for at least 10 years"

1. Such agreements are not enforcible in California.

2. Why would a company care about someone who wasn't successful as CEO running another company?

NDAs are enforcible and any company that hires a senior exec risks being sued over trade secrets.