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IT Professionals, along with professionals in fields other than Information Technology, have been closely watching Yahoo and its semi-celebrity CEO Marissa Mayer for a long time.  Its ups and downs took on a whole new level of scandalous when Mayer’s first big hire, Henrique de Castro was fired by the famed CEO herself.  While Yahoo’s stock prices haven’t been particularly hard, the company is certainly hurting from the recent move.

In some ways, the company seems to be a stand-in for the country at-large as it tries to turn itself around from a terrible economy.  Like Yahoo, the US has been trying to find a road back to prosperity on the wings of new technology.  Everyone from IT contractors, IT recruiting agencies, to IT managers can testify to the ramped-up demand for IT consultants and work in places they’ve never been used before.  And with this new magic bullet, the economy has fared about as well as Yahoo: some success, some steps backwards, and plenty of speculation about what is to come.  IT turns out that both a tough global market and a record-breaking recession are not easily vanquished by even the magic bullet of technology—no matter how dazzling or quickly-evolving it may be.