Yahoo on Tuesday announced losses of $ 4,359,000 in 2015 and unveiled a cost-cutting plan that includes reducing 15 percent of its workforce and closing offices Madrid, Buenos Aires, Mexico City, Dubai and Milan.
Extending an advance that had known last week, the company said in a statement that by the end of this year expects to have about 9,000 employees and outsourced fewer than 1,000, a workforce 42 percent lower than in 2012.
the technology firm said the “aggressive strategic plan” released Tuesday aims to increase revenue from the mobile operations, video and social networks to 1,800 million dollars this year. In addition, Yahoo searches its gross operating profit (EBITDA) ronde billion dollars in the second half of 2016 and reduce operating expenses by more than $ 400 million by the end of 2016.
” today we are announcing a strategic plan that we believe, in the strongest terms, will enable us to accelerate the transformation of Yahoo, “said company CEO, Marissa Mayer, in that statement. Maynard Webb, chairman of the board of Yahoo, said the board supports
“efforts” of the management team of the company and the plan announced today.
The Wall Street Journal referred to Webb’s statements as the clearest to date that the board considers the sale of the assets of Yahoo Internet, by which it is known to test the company. The company said today that it has begun to explore the sale of non-core assets such as patents, real estate and other non-core assets.
Yahoo expects these operations to generate between 1,000 million and 3,000 million dollars in cash to end of the year. The telecommunications company Verizon has expressed interest in buying Yahoo.
Moreover, Yahoo announced losses of 4.359 million dollars in 2015, compared to 7.522 million profit in 2014. Today Health Yahoo finance company in 2014 was helped by gains from the partial spin-off of its stake in Chinese e-commerce company Alibaba.
beyond that, the company that runs Marissa Mayer said today that will focus on three global platforms, your browser, email and social platform Tumblr, as well as news coverage, sports-related issues, financial issues and lifestyle in markets such as USA, Canada, UK, Germany, Hong Kong and Taiwan.
the restructuring plan comes after announced in November last year, the investment firm Starboard Value should ask Yahoo to sell its core business of internet and stop their plans to spin off its 15 percent stake in Chinese e-commerce giant Alibaba. “We are increasingly frustrated with his unwillingness to accept our help and lack of consideration for our serious concerns with the current situation on Yahoo,” he noted the letter of Starboard Value, investment in Yahoo, the management team.
Yahoo shares have lost 35 percent in the last year and fell on Tuesday about 2 percent in the extra period after the close of trading on Wall Street.
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