A lot has happened at Yahoo over the last two days. After Henrique De Castro was fired as COO at Yahoo, resources suggest that Editor-in-chief Jai Singh has also quit the company. As Castro was fired by Yahoo CEO Marissa Mayer, it is being said that there is a restructuring going on within the company and both acquittals are a result of that. Singh’s exit could be a part of the same move. According to a memo sent out by Mayer to her office, Yahoo’s head of marketing Kathy Savitt is likely to take over the editorial position.
These developments come close on the next Yahoo earnings call. While analysts are hopeful that search revenues will increase with Mayer at the helm, one doesn’t know how the recent developments in management turmoil will bode for her.… Read the rest