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  "docSlug": "f967f5a7e3bac30d08f67be9675393cc",
  "documentTitle": "SpringOwl | Activist Presentation Deck | 99 slides",
  "authorId": "springowl",
  "authorName": "SpringOwl",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-12-01 00:00:00",
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  "pageNumber": 80,
  "pageCount": 99,
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  "slideType": "propose_solution",
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  "density": "balanced",
  "nDataPoints": 6,
  "notes": "Uses peer benchmarking (Facebook, Twitter) to justify a specific headcount target.",
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  "slideHref": "/slides/019de06f-6209-758a-b498-63cdbba627ea/80",
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      "text": "Marc Andreessen said on December 6, 2015 that Yahoo is still “dramatically overstaffed”\nAt present, the company admits it has just under 12,000 full-time employees and fixed term contractors\nWe suspect that with variable term contractors, this number is much higher\nIts annual revenue ex-TAC is around $4 billion\nFacebook has $15 Billion of revenue in the last year with 11,000 employees\nDoing Yahoo-like revenue numbers would necessitate 2,900 employees.\nTwitter had 3,700 employees and just announced they should fire 300 people because they had become bloated\nThey’re doing $2 billion in revenues now\nYahoo grew its headcount significantly in the mid- to late-00s when revenue was exploding\nIt then added to this headcount even after revenues started contracting\nIt needs to pull the band-aid off quickly and take headcount down to the appropriate levels given that it should get out of search",
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      "kind": "source-note",
      "text": "Source: SpringOwl Asset Management LLC",
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      "kind": "title",
      "text": "Step Four: Take Headcount Down to 3,000",
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