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Yahoo’s SVP, talent acquisition and development steps down

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Yahoo is losing Sandy Gould who is currently a senior vice president, overseeing talent acquisition and development at the company, Re/code reports.

Gould was hired by CEO Marrisa Mayer at Yahoo just over three years ago and was put in charge of recruiting and learning and development. It is unclear where Gould will head next.

Gould was a former recruiting executive at Walt Disney Co./ ABC Television Group and vice president, who led global HR functions at Linden Lab/ Second Life before joining the internet company.

“I have decided to leave Yahoo,” Gould said in a statement.

“It’s time to take a break and decide my next adventure. I have had an amazing experience working for Yahoo. It has been transformational and I have loved the learning, mission, people, and the opportunity to work with Marrisa.”

Last Thursday, Gould sent out a tweet:

Gould is the third top executive leaving Yahoo since September 2015, following Jacqueline Reses, chief development officer, and Kathy Savitt, chief marketing officer and head of media.

Mayer is facing great difficulty in retaining employees, particularly Section 16 officers (high ranking executives).

Apparently, none of them got bonuses this year and others got paid in low teen percentages for SVPs, approximately 30% for VPs and 50% for regular employees. The freezing of salaries has also made it more difficult to retain staff.

The salary and bonus issue is largely due to poor performance at Yahoo, which is expected to worsen this quarter.

ALSO READ: Yahoo terminates employees in Singapore

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