Am I the only one???
...who desperately wished those names would just disappear for good.
Marissa Mayer has officially resigned from Yahoo!, as Verizon's $4.8bn (£3.77bn) gobble of the company closed today. Damage done to the company's value by successful cyber-attacks in 2016 resulted in $350m being cut off the price. The closure of the transaction means Yahoo! as a legal entity is no more. The merged AOL-Yahoo! …
From the Merriam Webster's
an offensive or rude word that is used to express anger, frustration, surprise, etc."
That pretty much sums up what happens through my mind when I'm browsing the web and I'm unfortunate enough to find a link that takes me to a tumblr, yahoo or huffpost site... So, I think the name for new division is perfectly adequate.
Is it gonna be Oath! or Oath henceforth in El Reg?
Sincerely hoping for the latter! though no coverage of it would suit me fine as well :)
Marissa's tenure was less glorious than initially predicted though, to be fair, the patient was terminally
ill irrelevant by the time she showed up. Still, 23M$, not a bad payout for not achieving much is it?
I wouldn't say that "Brilliance" is what Mayer "Inspired". But on the bright side for her, whether she succeeded or failed as their CEO can be debated, but she saw the stock price rise, the company sold off, and netted a tidy some, for herself. The 2000 or so staff who are about to be "Resource Actioned", won't consider Mayer's reign to have been "inspiring", at all.
Verizon expects to cut about 15 per cent of the workforce of the new Oath organization, representing the elimination of about 2,000 jobs.
If the new owners do as poorly as Meyer they'll be able to make even bigger cuts.
That seems to be the objective these days, buy a company and cut as much of the services, products and work force as you can.
Heck, wipe out the workforce and company entirely and you get $130 million plus a brass ring.
"While reaching this moment has certainly been a long road traveled (travelled?), it marks the end of an era for Yahoo!, as well as the beginning of a new chapter – it's an emotional time for all of us. Given the inherent changes to my role, I'll be leaving the company."
The paragraph's turn from auspicious young lady talk into an all-too-sudden "I'll be leaving the company" certainly caused some cognitive dissonance.
Biting the hand that feeds IT © 1998–2020