According to sources close to the situation, Yahoo CEO Marissa Mayer has designated Wednesday as the day of the week to make the massive employee cuts the company announced on its earnings call weeks ago. But, instead of just felling the ax at once on 15 percent of staff, she has dragged the pain out in several weekly layoffs.
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And today, the hits seem to be largely happening at Yahoo's media unit and also in Los Angeles. Re/code previously reported that the division was going to see a lot of cost cuts, especially in Mayer's once vaunted digital "magazine" efforts. It was not so long ago that the company touted its splashy plan to hire big names to helm these offerings, in food, beauty and tech. All those are now getting consolidated and reorganized, said multiple sources, with some verticals going poof.