This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EXCLUSIVE: Marissa Mayer Enforces Her No Work-From-Home Policy

NEW YORK ( TheStreet) -- About six weeks ago in Why Marissa Mayer Banned Work-From-Home at Yahoo! (YHOO - Get Report), I reported that Mayer was accepting -- though, as it turns out, maybe not willingly -- requests to be exempt from her telecommuting ban. I relayed the story of one Yahoo who wanted to be an exception:

I know of at least one employee who has petitioned direct management. This employee expects to hear back from Mayer in 30 to 60 days to see if the CEO approves a request to continue to work at home. This employee is a productive Yahoo! veteran. In some cases, Mayer might have no other choice but to grant exceptions.


I have an update on that request, but first I have to admit that I was wrong about what I thought would happen. In the above-cited February article I argued that . . .
valuable A-players who work at home -- and are caught in an unfortunate crossfire -- know the score. It would not surprise me if Mayer (quietly) makes alternative arrangements with the A-players or asks for their patience and compensates them for their troubles in some other way.

That's not the case. Here's how, according to my source, it turned out:
They reviewed [this employee's] case. It went up through a process. And, they denied [the employee's] request. I'm sure [the employee] didn't quit. They eliminated [the employee's] role with an end date.

At least in this particular case -- of a productive Yahoo! veteran -- Marissa Mayer says, you don't want to work in the office, we no longer require your services. No unemployment. Most likely a severance. And what appears to be a relatively cold goodbye.

Marissa Mayer is not playing around as she guts the bloated ranks at Yahoo!, even if she has to cut bodies not necessarily contributing to the bloat.

-- Written by Rocco Pendola in Santa Monica, Calif.
Rocco Pendola is TheStreet's Director of Social Media. Pendola's daily contributions to TheStreet frequently appear on CNBC and at various top online properties, such as Forbes.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
YHOO $38.57 -2.10%
AAPL $125.61 -0.66%
FB $87.72 0.50%
GOOG $522.20 -0.23%
TSLA $279.41 -0.22%

Markets

DOW 17,688.32 -41.79 -0.24%
S&P 500 2,071.08 -5.70 -0.27%
NASDAQ 4,994.11 -15.1040 -0.30%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs