Some selected excerpts:
We lack a focused, cohesive vision for our company .... We lack clarity of ownership and accountability.See also my earlier post, "Yahoo's troubles", where I said, "The business is advertising ... To fail to compete on advertising is to fail."
We end up with competing (or redundant) initiatives ...
We have lost our passion to win. Far too many employees are "phoning" it in.
- YME vs. Musicmatch
- Flickr vs. Photos
- YMG video vs. Search video
- Deli.cio.us vs. myweb
- Messenger and plug-ins vs. Sidebar and widgets
- Social media vs. 360 and Groups
- Front page vs. YMG
- Global strategy from BU'vs. Global strategy from Int'l
We need to boldly and definitively declare what we are and what we are not .... Focus the vision .... Restore accountability .... Blow up the matrix .... Kill the redundancies ... [Stop] competing against each other.
Change is needed and it is needed soon. We can be a stronger and faster company.
Update: Dare Obasanjo points out:
Yahoo! executives are contemplating firing one in five Yahoo! employees ... Layoffs are a demoralizing affair and often don't eliminate the right people especially since the really smart people know to desert a sinking ship instead of hanging around to see if they draw the short straw.Google is a mere 5.8 miles down the road. It may be hard for Yahoo to retain their best at this time of instability.