📺 Stream EntrepreneurTV for Free 📺

Yahoo Reportedly Fired a Bunch of Workers by Accident As many as 30 employees were said to have been let go, only to be later told that they were simply on a shortlist.

By Jonathan Chew

entrepreneur daily

This story originally appeared on Fortune Magazine

Ethan Miller | Getty Images | Enhanced by Entrepreneur
Yahoo President and CEO Marissa Mayer.

Rumors of layoffs at Yahoo have been swirling since the beginning of this year. Now, CEO Marissa Mayer has reportedly carried through on those firings without meaning to.

As many as 30 employees were said to have been let go in conversations with their supervisors, only to be told later that they were simply on a shortlist, the New York Post reported.

"They put people on firing lists who they didn't mean to—people who were lower on the performance scale but who weren't meant to get fired," an insider told The Post. "But no one told the managers, and then they had the conversations, and it was like, "Oops.' "

The snafu reportedly didn't go over well with team leaders, and adds further jitters to an already-embattled company. In early January, Mayer reportedly joked that she wasn't going to lay off employees "this week," and she apparently has also drawn up an "Invest/Maintain/Kill" list detailing the company's upcoming cuts.

Yahoo are due to report on their fourth-quarter results on Tuesday, with Mayer expected to present a detailed strategy on how to turn around the company's business model and cost structure, according to The Wall Street Journal.

Fortune has reached out to Yahoo for a comment, and we will update if they respond.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

Business News

Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'

Musk shared the secrets on a podcast with Nicolai Tangen, CEO of the $1.6 trillion Norges Bank.

Business News

Ring Camera Owners Will Receive $5.6 Million in Payments After FTC-Amazon Settlement. Here's How Many Customers Are Eligible — And How They'll Get the Cash.

The payouts are a result of a June 2023 settlement with Amazon over privacy violation allegations against the camera company.

Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Business News

'My Mouth Dropped': Woman Goes Viral For Sharing Hilarious Cake Decorating Mishap at Walmart

Peyton Chimack has received over 703,000 views on her TikTok post of her birthday cake.