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When, next Tuesday, Yahoo’s new CEO Scott Thompson gathers employees for a company-wide meeting to explain his turnaround plan following this week’s layoffs, many of the people he’ll be talking to won’t be around to see that plan to fruition.Yahoo fired 2,000 people this week in a big painful layoff.
“There will be more [cuts],” a source close to Yahoo executives tells us.
The reason why?
This source says Yahoo’s layoffs didn’t cut very deep into the company’s massive – some say bloated – headcount.
Everyone keeps saying Yahoo had 14,000 employees prior to Tuesday, but according to this source, the real number was closer to 18,000 when you include all of Yahoo’s fulltime contractors.
“2,000 out of 18,000 aint that much. It’s sort of a drop in the bucket,” says this source.
“We could get rid of 10,000.”