Yahoo's new CEO, Scott Thompson, has continued Carol Bartz trimming of the company by laying off almost 15% of their staff. The company was at about 15,000 or so employees and has announced they are dropping 2,000 additional employees.
Scott Thompson explained:
Today's actions are an important next step toward a bold, new Yahoo! — smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require. We are intensifying our efforts on our core businesses and redeploying resources to our most urgent priorities. Our goal is to get back to our core purpose — putting our users and advertisers first — and we are moving aggressively to achieve that goal. Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they've contributed to Yahoo!.
Back when they laid off 4% of their staff right before Christmas holidays in 2010, I said they are not just giving up on search but also giving up on their future. Now? Well, they will save $375 million by firing their most loyal workers but hey, that is a heck of a lot of money to save.
At this point, I really don't care as much. A year ago, I'd get all upset and fired up. But Yahoo is no longer the Yahoo we grew to love. Yahoo is another company. If anything, Yang leaving is a testament to that.
Forum discussion at WebmasterWorld.
