Yahoo To Fire Another 15% As Mayer Attempts To Hang On (theguardian.com)

Posted by timothy on Wednesday February 3, 2016 @02:29AM from the taking-lumps dept.

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.

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If she really wanted to rescue the company... by Viol8 · 2016-02-03 02:37 · Score: 5, Insightful

... she'd fire herself.
1. Re:If she really wanted to rescue the company... by jfdavis668 · 2016-02-03 02:53 · Score: 5, Insightful
  
  The company was going in the wrong direction before she was even hired. They hired her as a gamble to make a big change to save the company. It didn't work. Going back to the way it was is stupid, it wasn't working before. The only things worth keeping are its overseas holdings. The core company is worthless. Firing her and hiring a replacement won't change that. They took a big gamble and lost. There is no going back.