Yahoo Employees Have Reportedly 'Lost Faith' In CEO Marissa Mayer
A New York Times article detailing life at the company paints a grim picture of Marissa Mayer's current and future plans.
Yahoo CEO Marissa Mayer was supposed to save the floundering tech company, but the turnaround hasn't gone as expected.
And now, more Yahoo employees could be getting the boot. Massive layoffs are reportedly expected by the end of the month in an effort to reverse the company's downward trend. (Video via Yahoo)
A New York Times writer, citing more than 15 current and former Yahoo employees, reports, "While many Yahoo workers are keeping their heads down, just doing their jobs, others have lost faith in Ms. Mayer's leadership." (Video via Fortune)
The New York Times calls the expected layoffs a "last-ditch plan" to help revitalize the company, and it could be one of Mayer's last plans, too. Investors are reportedly calling for Mayer's firing more and more. (Video via World Economic Forum)
Mayer took over as Yahoo's CEO in July 2012, and while the company saw positive gains in her first few years, things have hit a steady decline lately.
According to the New York Post, Mayer has spent $7 billion on acquisitions that haven't paid off yet. The outlet reports Yahoo is expected to spend another $3 billion to "bolster the struggling Web giant's content arsenal."
Yahoo's stocks have dropped roughly 20 points since the same time last year.
This video includes images from Getty Images.
GoodRx to pay penalty to FTC; feds claim it shared health information
The FTC is pushing consumers to check their privacy settings after alleging GoodRx shared health information with advertisers without user consent.By AP
Boeing bids farewell to an icon, delivers last 747 jumbo jet
Since 1969, the 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500, and the Air Force One presidential aircraft.By Jennifer Buchanan / The Seattle Times / AP
McDonald's Among Companies Trying To Stop California Minimum Wage Hike
In-N-Out, Chipotle, Starbucks, Chick-Fil-A, Panda Express, and Domino's are among several companies opposing the $22 an hour minimum wage increase.By Nam Y. Huh / AP
AI, like ChatGPT, is creating teaching challenges on college campuses
Plagiarism is nothing new, but the role artificial intelligence is playing in it is now a concern at colleges across the country.By Scripps News
Southwest to testify before US Senate after mass cancelations
Southwest's Chief Operating Officer will testify before the Senate committee on Thursday Feb. 9.By Ted S. Warren / AP
Millions expected to lose Medicaid coverage this spring
Here are some ways you can stay ahead of the process.By Scripps News