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Business

What's really troubling about Yahoo's big overhaul?

July 29th, 2015 by

As acquisitions soar, staff headcount falls to its lowest point since 2006 - and that's not all that's down

 
 
 

Marissa Mayer may have her work cut out for her - particularly now that nearly a quarter of her workforce has been sent out the door.

According to Quartz, staff head count is down 23 percent from three years ago to 11,000, a fact Mayer announced on a recent earnings call - its lowest point since 2006.

Yahoo has closed down 17 of its office locations and cut its number of contractors by more than 2,000.

Mayer had resisted the massive layoff for some time, but pressures from investors and outlooks by analysts at JP Morgan have made it all but impossible to hold off the cuts any longer. A series of acquisitions spurred a brief uptick in new hires between 2013 and the beginning of the year - but recent changes to company objectives have sent its headcount trickling back down. 

Change is in the air

As Mayer explained in the call: Yahoo's new aim is in "moving from legacy declining businesses to focus on new growth investments," or, put plainly - out with the old and in with the new money.

But with indications and reports that the massive layoffs are (not surprisingly) damaging company morale, Yahoo may be out more than initially bargained for. Not to worry - nothing free donuts on Fridays can't fix. Hopefully. Maybe.

Want to read more?

Quartz: Yahoo’s headcount is back to where it was at the end of 2006

 

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