Carol Bartz has sent a brief email to employees informing them that she has been fired by the company’s president, the Wall Street Journal reported in a blog post.
“I am sorry to have to inform you that she has been fired over the phone by the chairman of the Yahoo Board . It has been a pleasure for me to work with all of you and I wish you the best, ”says Bartz in her email.
The struggling company has created what it calls an “executive leadership council” to help Morse manage the company and conduct a “global review of its strategy” in order to put it back on the market. growth path. The council includes the co-founders of Yahoo, Jerry Uang and David Filo.
Bartz took over as the company’s CEO in January 2009, after Yang announced his intention to step down. During his leadership, Yahoo has gone through a long negotiation with Microsoft, initially interested in acquiring the company, but the purchase ultimately did not take place, although an alliance between the two did.
Such an alliance, however, has not yielded the expected results for Yahoo. The company’s revenues continue to fall, and its advertising display business, where it has historically been a leader, is beginning to suffer as well.