Marissa Mayer Has A Cool New Office Nickname

Don't cry for Marissa, Yahoo-tina. The truth is she'll never leave you.
Author:
Publish date:
Updated on

Did you just catch yourself wondering "How are things at Yahoo (YHOO) these days anyway?"

Well, the NY Times has a fun anecdote...

Now, morale has sunk so low that some employees refer to Ms. Mayer, Yahoo’s chief executive, as “Evita” — an allusion to Eva Peron, the former first lady of Argentina whose outsize ego and climb to power and wealth were chronicled in the musical of that name. 

So, things are..."good."

Ms. Mayer is about to make herself even less popular with Yahoo’s nearly 11,000 employees. Faced with the failure of her efforts to reignite growth at the 22-year-old Silicon Valley company, she is now turning to the opposite strategy: cutting. As some investors press Yahoo to fire her, Ms. Mayer is crafting a last-ditch plan to streamline the company — including significant layoffs — that is expected to be announced before month’s end.

Sounds like she better find a high balcony...

Only 34 percent of employees believe that Yahoo’s prospects are improving, according to surveys conducted by Glassdoor, a firm that collects data on jobs and employers. That compares with 61 percent who are optimistic at Twitter, another troubled tech company, and 77 percent who see a bright future at Google, Ms. Mayer’s former employer.

But hey, like subjects of any banana republic dictator, Yahoo employees are just happy to work...right?

One Yahoo employee who was interviewed said she was praying to be laid off so she could collect a severance payment and move on with her life.

Cue the orchestra.

Yahoo’s Brain Drain Shows a Loss of Faith Inside the Company [NYT]

Related