Sources: Marissa Mayer is firing people at Yahoo
REUTERS/Ruben Sprich
Marissa Mayer, Chief Executive Officer of Yahoo speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014.
Management is describing the firings as part of an organizational realignment, or restructuring, and not as a general layoff.
We are unclear about how many people are being fired. The cuts are across multiple groups.
A source close to Yahoo employees tells us, "People [are] kind of shell-shocked."
We've heard that some of the cuts are coming in Mike Kern's group. He is the senior vice president of product homepage and verticals. We're told that engineers are not being let go, but prpoduct managers, designers, and program managers are.
One source, in touch with Yahoo employees but not one, told us that dismissed employees are being offered two months severance, though their 2014 year-end bonuses are being withheld.
We reached out to Yahoo for comment on this story, and will update it with any response.
More details coming…
Nicholas Carlson is the author of "Marissa Mayer and the Fight to Save Yahoo!"
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