Culture

Yahoo saw female execs leave amid takeover talks

The past year saw a drop in the percentage of women in leadership roles.

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The overall percentage of women stayed steady at 37 percent, but the number of female executives fell from a year ago.

Justin Sullivan, Getty Images

Count diversity as another issue that Yahoo has to tackle in the coming months before Verizon takes it over.

The company released its diversity report on late Monday, and the results weren't encouraging. While the overall percentage of women stayed steady at 37 percent, the number of female executives fell from a year ago.

The company, which is dominated by white and Asian men, saw no change in the percentage of black (2 percent) and Hispanic (4 percent) employees.

The report comes amid continued chatter about the under-representation of women and certain minorities in the field. Diversity reports have become a barometer of progress, which has been slow.

Yahoo, admittedly, has been a tumultuous place to work. The past year has seen constant rumors of a takeover, with Verizon finally stepping up and making a $4.83 billion offer. The company also disclosed that it was the victim of the worst hack ever, affecting at least half a billion accounts. Layoffs didn't help either.

Given the issues, there isn't anything too alarming to Margenett Moore-Roberts, head of inclusive diversity at Yahoo. "It's really tied to the organic changes here and folks having to make a career decision for themselves," she said in an interview.

Still, she acknowledged that Yahoo has work to do and is focusing on improving how the company searches for talent. Yes, Yahoo is still hiring, she said.

"We're fortifying the environment so when we bring diverse talent, they feel like they're on a real career path here," she said.

First published November 1, 6:43 a.m. PT.
Updated, 2:36 p.m. PT: Added comments from Yahoo's head of diversity.

Updated, 9:56 a.m. PT on November 2: Corrected Verizon's purchase price for Yahoo. It's $4.83 billion.