Report: Yahoo's Mayer tightening operations over holidays
updated 05:48 pm EST, Mon November 19, 2012
Performance evaluations said to come, vacation cuts
Yahoo CEO Marissa Mayer appears to be tightening up operations as she plots a new course for one of the world's larger Internet companies. Reports hold that Mayer is cutting down on traditional holiday vacation hours and implementing a number of cost-cutting and efficiency-raising measures, including cutting up to 12,000 of the company's employees. Mayer has already eliminated the end-of-year "week of rest" for most employees, and the company is said to be developing a new performance evaluation regime aimed at identifying its least productive workers.
Mayer has previously hinted at the new evaluation process in company memos, as well as annual and quarterly goals for productivity. The company will, according to PCMag, begin to cut back on compensation for the bottom fifth of Yahoo employees before beginning to move them out of the company entirely.
Until this year, Yahoo employees have enjoyed a weeklong period of paid time off at the end of the year, but new policies are aimed at getting staff to use their existing vacation instead of having the time already allotted to them.
