After laying off 1,000 employees in February, Yahoo is cutting another 600-700 positions, or 5% of the workforce. This is the first round of cuts under new CEO Carol Bartz. There’s no word on what kind of jobs would be lost, but Bartz made clear the inefficiencies she sees.
In a conference call with analysts Bartz said, “You have three people telling project engineers what to do, and nobody’s fucking doing anything. We have to…get them focused on the right stuff. That’s the most important thing Yahoo’s going to do to become a big, strong, growing company.”