It has been reported by several sources that several Yahoo employees are 
losing their jobs. The termination process has been explained by the management as part of a usual restructuring of the organisation and it’s not a general layoff.
It’s not yet clear how many people have been fired as of now but it’s believed the job cuts have taken place across several divisions. A source close to the latest development as well as Yahoo employees has said that people are in great shock. It has also been learnt that some of the layoffs have also been reported in Mike Kern’s group as well. Kern is the senior VP for product homepage and verticals.
Though engineers are not in the hit-list, but product managers, designers and program managers are the affected ones. A source, in close contact with Yahoo employees, has reported to Business Insider that dismissed employees have been given two months’ advance payment, but the bonuses for 2014 end have been withheld. Yahoo CEO Marissa Mayer was heavily pressurised for cost-cutting initiatives even before she took up the charge of the company in 2012.
Mayer didn’t opt for deploying broad layoffs but she favoured a system which ranked employees based on performance and dismissed the employees who have got poor scores. Hence this firing process has been termed as a routine job in the organisational restructuring system. This ranking system is not liked by most of the employees though.
