Exodus at Yahoo!

Exodus at Yahoo!

Coming out from a near-escape of Microsoft’s takeover bid and jumping to a 55% inflated stock value due to the raucous, my earlier prediction missed the mark. What did happen is worse IMO — massive lay-offs and exodus of key executives.

The rumors have revealed itself and over a thousand Yahoo! employees have been given the pink slip early today. Some Twittered their imminent exit, others blogged about it.

Here’s a running list of bigwig names walking out the door:

Susan Mernit, Senior Director, Product at Yahoo!
Salim Ismail, Head of Brickhouse, Yahoo’s internal â€˜ideas factoryâ€™
Bradley Horowitz, Head of Yahoo’s Advanced Technology Division
Jessica Bowman, Senior SEO Manager and SEO Evangelist at Yahoo
Jeff Bonforte, Vice President for Social Search
Patrick Houston, VP Content & Programming
Randy Ksar, Brand Marketing Manager
Subhhash Bhatia, Sr. Director
Brad Ramsey, VP Marketing
Ryan Kuder, Sr. Manager

Horowitz will be moving to Google and will be joining the OpenSocial initiative.

Dark days for Yahoo. My $18PHP 1,056INR 1,525EUR 17CNY 131/share prediction is getting a second lease in life.

On the other hand, Steve Ballmer is resolved in buying Yahoo! despite the latter’s rejection of the $31PHP 1,819INR 2,627EUR 30CNY 226/share offer. Analysts says an increased offer to $35PHP 2,054INR 2,966EUR 33CNY 255-$36 will put enough pressure on the executive board to give in.

Abe Olandres

Abe is the founder and Editor-in-Chief of YugaTech with over 20 years of experience in the technology industry. He is one of the pioneers of blogging in the country and considered by many as the Father of Tech Blogging in the Philippines. He is also a technology consultant, a tech columnist with several national publications, resource speaker and mentor/advisor to several start-up companies.

https://www.yugatech.com

9 Comments

Jomark Osabel says:

17 years ago

I think, its do or die for Yahoo.
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Dyimz says:

17 years ago

Yahoo is going bye-bye..
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JC John SESE Cuneta says:

17 years ago

It is so sad to see Yahoo to go, I mean, they were at the forefront of the Internet boom more than a decade ago.

So going back, looking at the bigger picture, and looking at each smaller pictures, “What went wrong?” (Without blaming Google or Microsoft :p )

I know, so many to list down.

And now, the Philippines will become a solid Google Country sooner or later. Philippines = YM. Yahoo Mail is losing grounds in the Philippines already, more and more are moving to Google Mail. Last hold is YM.

And I’m sure Microsoft wants to get all the YM data.
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Miguel says:

17 years ago

Still counting on Caterina Fake to put up a Pinay startup!
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karla says:

17 years ago

yahoo acquired another company right? i just read that from techcrunch..
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jay says:

17 years ago

bigwigs getting the pink slip? now i’m eager to see what’s next.
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Reiks says:

17 years ago

too bad, I for one really preferred using google as my search engine than yahoo because yahoo is full of ads unlike google’s search page and I seem to get what I want more often at Google than Yahoo.

Now if google would only try to rival Yahoo’s Messenger then I would gladly switch to that since Im starting to hate YM right now.
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