Yahoo Turnaround Still Means Massive Layoffs

A great deal of fuss was made over the Yahoo! Inc. (NASDAQ:YHOO) appointment of Marissa Mayer as CEO during the Summer. She was hired to turn the company around, and after two months of analysis and planning she finally addressed the firm’s employees last week, conspicuously missing from that address was any mention of layoffs.

According to SFGate.com, the absence of layoff plans in that address does not mean the company is not planning for any. During his tenure as CEO of the company, Scott Thompson planned the removal of around 2,000 employees from the company’s payroll. The rude...