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Yahoo to lay off 15% of employess (~1,700) and shut down oversea branches.
- Thread starter massoluk
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Read Yahoo Answers and job hunt.
Silphonica
Banned
The stack and rank sue case neglects the fact the reason yahoo are being sued is due to male discrimination. Female employees who were also being let go were given more time to search for new jobs whilst given security to do so while men were kicked out the door regardless of loyalty to the company.
http://arstechnica.com/tech-policy/...r-employee-rankings-anti-male-discrimination/
http://arstechnica.com/tech-policy/...r-employee-rankings-anti-male-discrimination/
try not to get laid off
She's bad but not nearly that bad. Yahoo was already circling the drain when she got there. She's accelerated it a bit with stack ranking/firing.
Carly took two tech giants and turned them into one much smaller and less important company in record time.
Mayer is Steve Mariucci. The dynasty was on its last legs and she couldn't stop it from crumbling. She's not Trent Baalke.
darkinstinct
...lacks reading comprehension.
Remember when Microsoft wanted to buy Yahoo for 45 billion and they refused? Guess one party is now glad it never happened while the other is crying in their sleep that it never happened.
entremet
Member
Marty Chinn
Member
To add what you're saying, let's also not undermine the fact that the stock was up for awhile under her reign too. It's only lately dropped down.
hydragonwarrior
Member
I really want to know what her golden parachute will look like. She can't fail, not after seeing how the interim Blackberry leader jumped in, did NOTHING, and got a ridiculous amount on his way out.
If I'm not mistaken, that was because of Alibaba that the stock price increased. Mayer hasn't been a good leader really at all.
Silphonica
Banned
From what I was told, and please try not to misinterpret my personal opinion from this factoid, stock prices dropped after buying tumblr. Which was not long after the new ceo was put in place.
AliasGreed
Member
Yahoo has the best sports coverage out there with Adrain's woj. I want at least that to keep going.
davepoobond
you can't put a price on sparks
no more Yahoo Pool?
no more Yahoo Literati?
i dont want to live in this world
no more Yahoo Literati?
i dont want to live in this world
A few years back, Yahoo invested US$1b in Alibaba, a Chinese e-commerce start-up. The investment paid off big time, as Alibaba are now massive and have a similar market cap to Amazon.
The stake in Alibaba that Yahoo holds is what generates all their income. Investors have wanted Yahoo to spin off the Alibaba holding part as a separate company, so they can have a clear picture of legacy Yahoo. Marissa Mayer has always refused to do this, as it would highlight just how terrible her leadership has been, and how every other part of Yahoo is failing and losing money.
HomerSimpson-Man
Member
They said no to $45 billion, that's insane. What were they smoking?
I bet Yahoo shareholders wouldn't mind that 30 billion or whatever it was now.
Is Flickr still a thing or has everyone moved on?
How much is their Alababa share worth?
Hasphat'sAnts
Member
It was a decent value and a good one for shareholders at the time.
Tatsumaki Senpuukyaku!
Member
Have 7 million dollar christmas parties
AstroZombie
Banned
What a failure of a CEO.
They own the naming rights, not the actual stadium.
The Abominable Snowman
Member
I have a friend who left their campus in VA to go to Dubai. Sad news, I sent him a facebook message earlier about it, although 95% of the rest of our conversations were more about hooking up, so I'm not surprised he may not want to talk to me about it.
It doesn't generate any income. It is part of its value, but it is normally discounted from the actual worth of the Alibaba stake.
She didn't refuse to spin it off, they actually had a plan in place. The risk of taxes got in the way. Shareholders actually did not want the spin off anymore because of the risk of taxes.
darkinstinct
...lacks reading comprehension.
I don't think they changed the plan. Instead of moving their assets to a new holding and selling them off now they plan to sell of their core business so Yahoo will just be Alibaba and Yahoo Japan and can then be sold off without having to worry about taxes. In any case Yahoo will seize to exist very soon, their core is worth about 4 billion. None of the money that is invested in Alibaba will go to Yahoo, it's all for their shareholders.
Angelus Errare
Banned
Remember that one time Mayer thought Tumblr was a great purchase...it's literally worth $0.
Well they did change the plan because of taxes. They had setup a new company on NASDAQ that would have been the spin-off company where they would've transferred Alibaba to.
There is now a new plan in place to give a purer Alibaba stake to the shareholders, I agree.
This is all it needs to be said about how business works at Yahoo. Blunder for Yahoo, a dodged bullet for Microsoft.
While true I think the bump had more to do with the strange media darling spotlight she found herself in at first. While having more women head big tech companies is noteworthy it never felt like the praise ever mentioned much about her skill other than being a former early Googler. Guess we know why now.
From the google stuff I read, she was crazy hardworking, understands the tech down to low level and talented at site design. She held major posts in multiple core departments at her peak.
Running Yahoo tho, is a different beast.
Eighty Deuce
Banned
She should run for president
bangbang i'm a timpani
Banned
....this has been one of the worst CEOs in corporate history jesus christ
brainchild
Banned
100% agreed. It's a real shame because I used to love using for Yahoo! Finance for company profiling.
BladeoftheImmortal
Member
I think I would be a better CEO with zero experience in the Field.
entremet
Member
Let's not go crazy now.
She was mostly overrated coming in as a Savior, but she wasn't going to pull any miracles. Yahoo has been a blackhole of innovation for a bit.
woah there let's not exaggerate, she's only been overhyped because she came from Google and had a good reputation there.
The Horror the horror
Banned
10 years of history stored on Yahoo! fantasy football.
Anyway all those records can be migrated to another service, aside from manually entering them into Excel?
Anyway all those records can be migrated to another service, aside from manually entering them into Excel?
Mr Nash
square pies = communism
That was a terrible buy for Yahoo. Not sure what they were thinking there.
Ugh, the mail is kinda bloated indeed but I hope nothing happens to it since I use it for some stuff and I don't want to depend entirely on Gmail.
At least RealNetworks and Lycos are still around. :O
Lookin forward to Vice President Mayer in 12 years explaining how firing 90% of yahoo and then shutting down the company was not her fault.
It is crazy how some tech companies just keep going and going though. AOL, MySpace, and Yahoo still around. Alta Vista, Ask Jeeves, and Excite gone
At least RealNetworks and Lycos are still around. :O
I was really rooting for Marissa. But sometimes it doesn't work out. Every time I hear about Yahoo since she went there it's either them senselessly buying some other company out, or the company itself is doing poorly.
Hot mess over there.
I wouldnt go that far, Yahoo was in trouble when she went there in terms of not being able to generate and sustain growth. The issue is it seems since she has gotten there she has not been able to slow or stop the decline, let alone reverse it.
Hot mess over there.
I wouldnt go that far, Yahoo was in trouble when she went there in terms of not being able to generate and sustain growth. The issue is it seems since she has gotten there she has not been able to slow or stop the decline, let alone reverse it.
ghostofsparta
Member
I hope this racist I knew from college (that now works at Yahoo) is one of the people being layed off. Hate her guts
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