A year ago, in the aftermath of Terry Semel getting driven out of Yahoo and co-founder Jerry Yang taking over as CEO, most Yahoo employees seemed psyched about Yang. He had been the company's spiritual center, and the feeling was that Semel had made a mess of things and Yang would make Yahoo into Yahoo again.
So...now what would you think? Over the past year, Yang has botched his dance with Microsoft and badly handled the arrival of the Prince of Darkness, a.k.a. Carl Icahn. He's failed to do much that is generating excitement about Yahoo again, and now Yang says he'll lay off 10% of the workforce -- 1,400 people -- as part of a response to financials that are swirling down the toilet.