Marissa is pretty much done - the sharks are circling and a massive overhaul will take place before 7/31/2016. The gears are already in motion and SpringOwl is spearheading the attack. I left in 2012 and it was bad at that time - I can imagine how difficult it is right now. If you are still there at Yahoo! - I wish you all the best. I can tell you that there are many other opportunities out there - get ready, get out - you will be much happier outside the zoo.
Replace Mayer with an operator;
replace a number of the board's directors;
bring in a partner that understands digital media;
reduce headcount to 3,000 employees;
double down on winners like Yahoo Finance and Sports;
give up on losers like Yahoo search and Mayer's M
buy back $10 billion worth of stock;
sell and leaseback its headquarters in Sunnyvale;
and the most important (and perhaps hardest) of all "look for other value creation opportunities."