Had a few people pinging me and looks like some serious retrenching in EMEA and Asia.
It makes sense – outside of the USA the biz keeps falling. What is scary though, is in places like Asia, other companies are growing like a weed. Is Yahoo quickly becoming a USA focused company or is this just more centralization around running the biz from the states? But these are sales folks though so not sure how one can grow the number by losing more sales people?
I am sure there is more info to come. What is stunning though is at one point Vietnam was one of the bigger offices in Asia – pricey real estate too. Gone are the days where Yahoo 360 and messenger ruled the roost. I think in places like Vietnam where Yahoo used to be powerful, Yahoo is suddenly looking irrelevant.
I argue the biggest issue in Yahoo Asia is that the team has not brought in new blood similar to what has happened in EMEA and USA.
The numbers are telling – the revenue keeps slipping in Asia and the Alibaba pressure is greater than ever.
Quite the shakeup.
I am sure more news to come.