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..."Unfortunately, reaching that goal requires the tough decision to eliminate positions. We deeply value our people and all they've contributed to Yahoo"; so you are fired!

How about cutting his own salary to start with? That's a though decision!

My guess is that at the end of the year Yahoo's executives will receive ALL of that $375 million as bonuses for "saving the company so much money".

Since 1997, I've been using Yahoo. Unfortunately, in the last year, service has deteriorated almost to the levels I experienced in the beginning.
Yahoo pages respond slowly (TOO MANY ADS - many are "Flash"), have blank areas that cover up parts of the pages (more ads), comments or posts don't load properly, and the quality of the searches has dropped.

Let's do the math... laying off 2000 workers saves $375,000,000. That works out to an average of $187,500 per worker. Is it any wonder they're losing money? And that is the pay of the employees who are the least valuable (hence the first to go).

Cutting $375 million in salaries and benefits will save Yahoo $375 million only if those employees weren't contributing anything of value to the company. Otherwise, you have to deduct their productive value from the nominal savings to calculate the net gain. And somehow I doubt that the 2000 workers laid off were doing nothing to enhance the worth of Yahoo's products and services.

As for the goal of putting users and advertisers first, that objective has the same problem as the goal of putting zebras and lions first: It's hard to do because their interests don't exactly coincide.

Wow, Yahoo is actually still in business???