Yahoo! To Slash 10-20% Workforce?
TechCrunch reports that Yahoo! may cut 10-20% of its 12,000 staff which translates between 1,200 to 2,400 employees.
..the move is about improving the outlook for Yahoo and strengthening its position so it can remain a standalone company by increasing the share price.
In many occasions reducing workforce means operating a leaner team as opposed to “strengthening the position”. By removing redundancies, there exists remaining workers who are expected to take more work as opposed to “streamlining of operations”. It’s a sad reality corporate slaves must accept.
I met a few people from Yahoo! HK who are part of the backend team and paid search team. I hope they won’t be affected.