Quote:
|
In the midst of an absolute flood of them, we’ve got another trickle of firings to report: 40 people were let go by Yahoo India. The truly strange part, though, is that Yahoo India is still looking to add over 500 new employees.
|
OK, call me crazy, but isn’t it possible that Yahoo could be restructuring its assets? Yes, they’ve been laying people off across the board, but they’ve also been buying up properties, something that companies who find themselves in deep hot water typically are afraid to do.
Much ado was made about Microsoft’s buyout offer, primarily from onlookers who hoped it would happen for one reason only: Fight Google! Rah Rah Rah
Well, I’m like anyone else. I like a good fight. But the fight seems to be Yahoo vs. The World, not Google vs. Second Place.
Much of the mess that Yahoo is in right now that everyone else seems to have a solution to was the doing of former CEO Terry Semel, who left the company just recently. Yahoo executives said no to Microsoft with a statement that they were going to pursue other courses of action to pull themselves out of their mess. That could mean any number of things:
Nudge offers from other companies (AOL has been mentioned)
Restructure internally
Do Nothing
Something Else
My bet is that Yahoo executives have looked at the state of their company and have seen some things they don’t like. They’ve likely seen some fat and are starting to trim. But that doesn’t mean they can’t look to the future. If you are a company that is planning to return itself to life from the graveyard then the future is very important. Acquisitions and hirings tell me the Yahoo is in a state of transition. The question is, do they have a plan or are they just winging it?
Nick Stamoulis