Yahoo's Brain Drain Shows a Loss of Faith Inside the Company
http://www.nytimes.com/2016/01/11/technology/yahoos-brain-drain-shows-a-loss-of-faith-inside-the-company.html?partner=rss&emc=rss
Marissa Mayer, the glamorous, geeky Google executive hired to
turn around Yahoo in 2012, used to inspire hope in Yahoo's work
force just by visiting the cafeteria for ice cream and mingling.
Now, morale has sunk so low that some employees refer to Ms.
Mayer, Yahoo's chief executive, as "Evita" -- an allusion to Eva
Peron, the former first lady of Argentina whose outsize ego and
climb to power and wealth were chronicled in the musical of that
name. Ms. Mayer is about to make herself even less popular with
Yahoo's nearly 11,000 employees. Faced with the failure of her
efforts to reignite growth at the 22-year-old Silicon Valley
company, she is now turning to the opposite strategy: cutting.
As some investors press Yahoo to fire her, Ms. Mayer is crafting
a last-ditch plan to streamline the company -- including
significant layoffs -- that is expected to be announced before
month's end.
- - -
I am actually unconvinced that anyone could have saved Yahoo. Marissa at
least has tried. Some things simply can't be reasonably repaired.
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
I have consulted to Google, but I am not currently
doing so -- my opinions expressed here are mine alone.
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