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Toll Brothers Inc. Message Board

  • sage2123 sage2123 Jun 23, 2013 9:13 AM Flag

    Fuzzy Math

    At Yahoo.

    Yahoo CEO Marissa Mayer says she has cut 1,000 jobs at the company in her first year, and mentioned that there are 10 times that number of new job applications pouring in every week.

    Mayer told Reuters that the cuts have come through a combination of attrition and new quarterly performance management reviews, replacing previous annual reviews at the Sunnyvale-based Web giant.

    There were 15,000 full-time employees and 3,000 part-timers when Mayer took over last July. As of its most recent filing with the Securities and Exchange Commission, the company had 11,300 full-time employees.

    Her highest profile work force move was to end work-at-home positions, but it isn't clear how many of the job cuts resulted from that.

    Her moves don't seem to be hurting her image within Yahoo or of the company among prospective employees. Mayer told Reuters that the 10,000 job applications a week that the company is seeing is double what was coming in last year.

    But not to worry, Home Depot is hiring thousands of part-time seasonal employees.

    Sentiment: Sell

 
TOL
35.46-0.42(-1.18%)Aug 27 4:01 PMEDT