Posted December 17, 2008 - 5:13 pm
For Jerry Yang, 2008 was going to be the year when Yahoo's long-awaited technology and business turnaround began in earnest. Instead, the year brought two big rounds of layoffs, an embarrassing exodus of high-profile managers, disappointing financials, a tanking stock price, free-falling employee morale and little or no advances in key areas, like search usage and search advertising. Oh yeah, and yet another corporate reorganization that many cynically viewed as more spinning of the wheels.