April 22, 2009 by Matt Thomas
Yesterday Yahoo confirmed that it will be trimming 5 percent of its workforce (675 jobs) in their third round of significant job cuts in 14 months. The company got rid of 1,000 jobs in January of 2008 and then a further 1,500 in October of the same year. The cuts however, will not be companywide. Yahoo will focus its streamlining policy on the hapless Yahoo product managers and engineers.
It is thought however that the product managers will bear the brunt after Yahoo CEO, Carol Bartz betrayed some exasperation with them in a conference call with investors earlier in the week, stating, “We sort of had one product management person for every three engineers, so we had a lot of people running around and telling engineers what to do,” before sensationally adding, “But nobody was f***ing doing anything.”
This recent round of staff cuts was to be expected, Bartz has been talking about ‘streamlining’ Yahoo since she took over. Even so, the loss of more than 3’000 people in little under a year is far from a reassuring sign.
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