News

Yahoo Lost One-Third of Its Staff in 2015

Ailing multinational company Yahoo has lost over a third of its workforce over the last twelve months, in a shocking show of no-confidence in current CEO Marissa Mayer, according to a report in the New York Times.

“Basically, it shows employees losing faith in Marissa Mayer and Yahoo,” Scott Dobroski, spokesman for employment rating site Glassdoor, said.

While Mayer has fought hard to retain staff members that have been offered positions at competing companies with lucrative retention packages, the move has had the knock-on effect of causing resentment amongst colleagues who otherwise remained loyal when offered jobs elsewhere. Her strategy having backfired, Mayer is now pursuing mass layoffs, to be announced at the end of this month. Yahoo shareholders are desperate for Mayer to be fired before she can enact this plan.

“Only 34 percent of employees believe that Yahoo’s prospects are improving, according to surveys conducted by Glassdoor, a firm that collects data on jobs and employers,” the New York Times report reads. “That compares with 61 percent who are optimistic at Twitter, another troubled tech company, and 77 percent who see a bright future at Google, Ms. Mayer’s former employer.”

“One Yahoo employee who was interviewed said she was praying to be laid off so she could collect a severance payment and move on with her life,” the report continues. “Others said they were actively looking for their next jobs — a task made more difficult because of the taint of failure that potential employers sometimes associate with anyone at the struggling company.”

“We’re still hiring, and our application numbers are strong,” Yahoo said in a statement. The company refused to comment on staff morale.

Ashley Allen

Disqus Comments Loading...

Recent Posts

Nvidia’s GeForce RTX 5090 Possible Price Revealed

According to a new report, the GeForce RTX 5090 GPU will be very expensive. It…

9 hours ago

AMD Krackan Processor with 6 Zen 5 and Zen 5c Cores for Budget AI Laptops Leaked

A new AMD processor in the form of an engineering model has been leaked in…

9 hours ago

SK Hynix Begins Production of First 321-Layer NAND Chips

SK Hynix has claimed to be the first company to mass-produce 321-layer NAND memory chips.…

9 hours ago

Trust Gaming GXT 609 Zoxa 2.0 PC Speakers

SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…

13 hours ago

PowerA Wired Controller for Nintendo Switch

Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…

13 hours ago

Logitech G Saitek PRO Flight Rudder Pedals

Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…

13 hours ago