Not much joy at Yahoo!

[marmar]

Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday.

The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. (on.wsj.com/1Tx30jF) It did not specify which business units might be closed.

A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings.

Activist investors have pressed Yahoo to sell its core business rather than spin it off, even though a sale would likely incur more taxes. ..............(more)

http://www.reuters.com/article/yahoo-redundancies-idUSKCN0VA33R

[Warpy]

1. Gotta goose that stock price up

to keep that gilt on her parachute as she exits before it crashes and burns.

I don't know why business schools don't bother to teach these people that companies that hang onto their human capital and eat losses do much better long term than companies that let people go and then need to train another work force when the economy improves.

Morons just don't see human capital as capital. It is.

[snooper2]

3. It's more than that, there really isn't room in this world for more than one search engine

[Warpy]

4. Of course there is

I use several depending on what I'm looking for, so that I don't have to wade through ten pages of either woo or porn to get to what I want.

[KamaAina]

7. This is $iliValley. "Long term" means next year.

[ChisolmTrailDem]

2. But, but...they have a ! in their name! But seriously, does anyone...

...even go to Yahoo! any more?

I haven't been there on purpose for about as long as it's been since I went to AOL.

[A HERETIC I AM]

6. Does anyone actually use AOL anymore?

Well...yes, obviously!

I've had a Yahoo email for quite a while.

They may very well be dot compost in another year or so, so alternate addresses have been created

[KamaAina]

8. "dot compost" FTW!

[begin_within]

5. She's been a failure.

There has been a slew of articles about her in recent months. She was hired from Google to "save Yahoo!" but it didn't work. She blew $1 billion buying Tumblr which has made them only pennies and blown lots of company $ on lavish parties, but the basic task they hired her to do never happened. She has poor management skills. Investor groups want her out. I think Yahoo! could be saved, and it's still the 5th most popular web site, but clearly she's not the one to save it.

[Sen. Walter Sobchak]

9. Yahoo is an inept hedge fund, not a technology company