Yahoo Employees Fear Layoffs as Thompson Brings New Vision
In restoring the morale of Yahoo employees, Chief Executive Scott Thompson has his work cut out for him. The company’s 14,000 employees have endured five different CEOs over the past five years, several rounds of layoffs, and regular criticisms in the press of the company’s slow innovation cycle and executive mismanagement.
Conversations with current and former Yahoo employees reveal that they are looking for Thompson to articulate a clear vision, to narrow the product development focus, and spearhead more transparency from executive management. Meanwhile, some employees expect that headcount reductions are coming.