Yahoo underperformers may see pay cuts, pink slips
CEO Marissa Mayer reportedly putting final touches on plan focusing on Yahoo's worst performing employees.
Charles Cooper Former Executive Editor / News
Charles Cooper was an executive editor at CNET News. He has covered technology and business for more than 25 years, working at CBSNews.com, the Associated Press, Computer & Software News, Computer Shopper, PC Week, and ZDNet.
Here's some holiday news sure to cheer up the folks at Yahoo: CEO Marissa Mayer is canceling the company's annual "rest week," when everything shuts down between Christmas and New Year's. Also, she is putting the final touches on a plan which basically grades employees on a curve. The bottom fifth will find their pay getting cut and some may wind up getting pink slips.
The news, first reported by AllThingsD would be the follow-up to a September company meeting when Mayer said that employees would be judged on a new set of metrics.
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