Will Yahoo lay off 20% of personnel?
Yahoo needed a major surgery and one-fifth of its human resources needed to leave, Vice President Brad Garlinghouse wrote in a top-secret email last month.
Garlinghouse said that Yahoo is suffering from inconsistent leadership, lack of business focus and a lack of cohesion. Joining Yahoo three and a half years ago, Garlinghouse played an increasingly important role in the Yahoo empire.
The top secret memo document does not know how to get into the Wall Street Journal. Yahoo's spokesperson confirmed the memo is true, but declined to comment on the details of the content as well as the article.
WSJ also reiterated some rumors that Managing Director Dan Rosensweig and Chief Financial Officer Sue Decker could be promoted to co-chair in preparation for the retirement of President and CEO Terry Semel. Semel, 64, joined Yahoo five years ago.
The great reform was called after a series of Yahoo's shameful events. Its shares have plunged 31.5% this year. In addition, the company also struggled with the slump of advertising revenue while still racing to run out of breath with its rival Google coming up with wind.
Garlinghouse said that Yahoo's investment policy now is like spreading butter on a bread too thinly and superficially. Therefore, the media giant needs a drastic reform and restructuring.
Refined apparatus
" I hate peanut butter ," Garlinghouse wrote in the document. He said that Yahoo needed to cut its human resources by 15-20% in the coming time as part of the major surgery plan. " We need to eliminate the overlap of existing functionality in the entire machine ."
Currently, Yahoo has nearly 10,000 employees distributed worldwide. " There are too many people in charge (or think that they are in charge), which leads to a situation where the father cannot cry and make a mistake and do not know who to give. challenge, take decisive actions ".
Garlinghouse mentioned some of the parts that he thinks are overlapping, hindering new inventions including music, photos, search, applications, virtual social networking, global strategy and even the suite. is controlling Yahoo homepage.
Three of Yahoo's central goals now are to close the gap with rival Google in search, promote brand advertising and leapfrogs in new areas such as video, mobile and virtual social networks.
WSJ said Garlinghouse's memo document received support from Yahoo's senior leaders and he will head an internal committee to investigate the issues mentioned in the document.
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