It hit the news wire last week Yahoo’s embattled CEO, Marissa Mayer, is set to fire 500 lower performing employees. Sounds all well and good, right?! It’s about time! The HR blogging community as a whole kills managers and executives for not moving fast enough on getting rid of under performing employees. Mayer is finally doing it! Well, not so fast…
From Business Insider:
“The reviews were part of Mayer’s plans to trim the Yahoo workforce “very surgically, very carefully,” according to a source close to the company.
Now, Swisher reports, Mayer is planning to let go any employees who were rated “misses” or “occasionally misses” at least twice during the past five quarters.
Swisher says as many as 500 employees could eventually be effected. She says that some Yahoo employees are already being let go.
Yahoo has many thousands more employees than many industry experts believes it needs to have.”