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That's the second time : http://www.huffingtonpost.com/2012/04/04/yahoo-layoffs-2000-jobs-cut_n_1402470.html http://www.huffingtonpost.com/2012/04/04/yahoo-layo

• gcb0 11y ago
  second? how quaint... every single CEO did that. some every year. mayer did her's in small installments to not show up in the media. but still got the same cut at the end. i think it's some textbook the board have
  • influx 11y ago
    Reminds me of this story: A fellow had just been hired as the new CEO of a large high tech corporation. The CEO who was stepping down met with him privately and presented him with three numbered envelopes. "Open these if you run up against a problem you don't think you can solve," he said. Well, things went along pretty smoothly, but six months later, sales took a downturn and he was really catching a lot of heat. About at his wit's end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, "Blame your predecessor." The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press -- and Wall Street - responded positively, sales began to pick up and the problem was soon behind him. About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, "Reorganize." This he did, and the company quickly rebounded. After several consecutive profitable quarters, the company once again fell on difficult times. The CEO went to his office, closed the door and opened the third envelope. The message said, "Prepare three envelopes."
  • voltagex_ 11y ago
    There has to be a better way to run a company... this kind of thing from so many companies world wide cannot be good for society as a whole.
    • eru 11y ago
      Why? Releasing the workforce from an unproductive company is exactly what society needs. The opposite is zombie companies.
      • voltagex_ 11y ago
        Perhaps Yahoo should have been split into smaller companies sooner. With better management, Flickr could have been Instagram.
        • toomuchtodo 11y ago
          I've been preparing to try to make an offer for Flickr in the event it goes up for sale (separate from the rest of the web business), organizing it as a benefit corp to be a long term business not to be put up for sale. It shouldn't be an Instagram. Its not a social network. Its a photo site that helps you organize/keep your photos, as well as share them (there's a difference). Just bidding my time, ear to the ground.
          • tamana 11y ago
            Why? There are many great photography hosting services. Flickr is only special because Yahoo makes it free as a marketing gesture
            • toomuchtodo 11y ago
              Can you list one? I've found SmugMug and 500px to be significantly inferior to Flickr, which is why I'm still a Pro Flickr subscriber.
          • voltagex_ 11y ago
            Seriously? That's amazing.
          • jacquesm 11y ago
            Very curious about what you plan on to make it profitable.