2 ms·

Where exactly did you get these numbers? Unless Yahoos earn an average of $35k a year, $50M is way off. Also net income is over $1B a year. Not disagreeing with

• markessien 18y ago
  Net revenue is over a billion, but what the company actually makes after costs is 50 million a quarter. Was in the linked article. I estimated the annual salary low because I don't know what category of worker would be laid off. Maybe it's just the janitors going.
  • timtrueman 18y ago
    I think you're getting revenue and net income confused. Revenue is over $7B TTM...Net INCOME is over $1B TTM. Sure Q3 was $54M, but at least use TTM or something other than multipling by 4. That's just misleading. Also even the linked article said "[t]he goal was to reduce annual expenses by more than $400 million before the end of the year". Your estimate of saving $50M through layoffs is absurdly off. Even people with no faith in the layoffs ability to reduce operating costs would admit it's going to be the majority of the $400M, i.e. saving at least $200M or roughly $150k per employee (a much more realistic figure if you remember there are costs outside of salary to an employer).