• All Share : 51093.14
    UP 0.26%
    Top 40 : 4237.02
    DOWN -0.13%
    Financial 15 : 14684.34
    UP 0.16%
    Industrial 25 : 59724.57
    UP 0.57%

  • ZAR/USD : 10.6573
    DOWN -0.01%
    ZAR/GBP : 17.7092
    UP 0.23%
    ZAR/EUR : 14.0006
    UP 0.07%
    ZAR/JPY : 0.1022
    DOWN -0.12%
    ZAR/AUD : 9.9577
    UP 0.16%

  • Gold : 1287.8700
    UP 0.15%
    Platinum : 1424.0000
    UP 0.21%
    Silver : 19.4760
    UP 0.09%
    Palladium : 910.5000
    UP 0.94%
    Brent Crude Oil : 103.090
    DOWN -0.17%

  • All data is delayed by 15 min. Data supplied by INET BFA
    Hover cursor over this ticker to pause.

Mon Sep 01 13:25:30 SAST 2014

Yahoo! boss bans working from home

©The Daily Telegraph | 27 February, 2013 00:06
Yahoo Chief Executive Marissa Mayer appears on NBC News' "Today" show in New York, February 20, 2013.
Image by: HANDOUT / REUTERS

When Marissa Mayer arrived as CEO of Yahoo! in June, she promised to change the culture of the embattled search company to make it "the best place to work".

She was quick to introduce free food in the canteen, did away with compulsory gym inductions, and offered iPhones to all employees.

Now she has made a change that will not be quite so popular.

From June, Yahoo! executives will be banned from working from home.

Meyer's decision marks a radical step in the technology industry where working from home is standard in many of the most successful companies in the sector.

Many Yahoo! staff joined the company partly because of its flexible work ethos, and some of the several hundred employees affected will need to move house in order to attend the office every day.

Critics have accused Mayer of taking the company back to the 1980s, but it is thought she was concerned that some Yahoo! employees who work from home were not productive enough, and that the company is unnecessarily bloated.

The move is expected to trigger a flurry of resignations among Yahoo! staff unwilling to make the change, enabling it to cut its headcount without expensive redundancies.

Mayer has helped restore some faith in the business which had lost its way under a string of short-lived CEOs. Its search engine has fallen far behind rival Google.

SHARE YOUR OPINION

If you have an opinion you would like to share on this article, please send us an e-mail to the Times LIVE iLIVE team. In the mean time, click here to view the Times LIVE iLIVE section.
Mon Sep 01 13:25:30 SAST 2014 ::