Justin du Coeur (jducoeur) wrote,
Justin du Coeur
jducoeur

For those who like watching slow-motion train wrecks...

... I commend following the TechCrunch coverage of Yahoo right now. Pretty much everyone heard about the MicroHoo fiasco over the past couple of months, as Microsoft tried to buy Yahoo. But less covered in the major media is the fact that, now that the buyout has clearly failed, the company appears to be collapsing at the top. TC is keeping a list of executives leaving the company, and it's astonishing -- at this point, they're losing people nearly every day. Those leaving are scattering all over the industry (including, for instance, their Senior Director of Int'l Business, who is moving over to become the VP and GM of LiveJournal). The founders of Flikr and del.icio.us have quit in the past couple of days.

It's amazing, and rather sad -- clearly the end of an era. We'll see where things go for Yahoo, but at best the company is being shaken to its core. It's a remarkable object lesson in the importance of morale, and how quickly things can disintegrate when the employees stop beliving in the firm and its top management...
Tags: business, technology
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