Monday, October 20, 2008
“Optics” of Yahoo Layoffs Take Precedence Over All–Sacred Cows Finally Nervous?
As BoomTown and many others in the blogosphere have reported for weeks now (so glad old media outlets have finally discovered the Yahoo layoffs), Yahoo management is working on at least a 10 percent layoff of its almost 15,000 employees.
But, because top execs have decided they need the cuts to have good “optics” for Wall Street, they have instructed managers over the weekend to make sure that all cuts include specific staff reductions, even though previous marching orders only had called for percentage cuts in costs.
The sudden shift is irking many managers I spoke to at Yahoo, who now have long had a modicum of control over their own businesses and feel they are being dictated to by top management who got the company in trouble in the first place.






