Women executives left Yahoo Inc at an unusually high
rate after the U.S. technology company announced plans to sell
itself earlier this year, but it was not immediately clear why,
according to the company's 2016 diversity report, released on
Monday.
The sharp drop comes as Silicon Valley faces pressure to
diversify a workforce heavily dominated by white and Asian men.
The last year has been turbulent for the web pioneer, which in
February announced it would explore alternatives and put in motion
a plan to cut about 15 percent of its workforce. In July, it struck
a $4.8 billion deal to sell its core internet businesses to Verizon
Communications Inc.
The number of women in Yahoo leadership roles slipped to 21
percent as at June 30, down from 24 percent the year before, the
report showed. Women in non-technical jobs dropped to 52 percent
from 54 percent. The total number of women at Yahoo remained steady
at 31 percent.
Yahoo had 8,800 employees at the end of the second quarter, down
from 9,400 as at March 31.
It was not clear why there was such a marked decline in the
proportion of women leaders at Yahoo, which is led by Silicon
Valley's most powerful female CEO, Marissa Mayer.
"Women leaders organically left because other opportunities were
more appropriate for them," said Margenett Moore-Roberts, Yahoo's
global head of diversity and inclusion. She said most of the women
executives who left did so voluntarily after the plan to sell the
core company was announced.
She said Yahoo will use a combination of internal searches and
promotions, outside recruitment and partnerships with women-focused
tech organizations to balance the losses.
The dip in women executives does not seem to be mirrored at
other major tech companies. Women held 28 percent of leadership
positions at Apple Inc, according to its latest figures, unchanged
from the year before.