Wednesday, February 3, 2016

Yahoo will lay off 1,700 employees – El Diario de Yucatan

         


     

SAN FRANCISCO (AP) .- Yahoo will lay off about 700 thousand workers as part of a restructuring that will likely determine if your CEO Marissa Mayer can save their own jobs .

debugging announced Tuesday eliminate approximately 15% of the workforce Yahoo along with several services that Mayer decided it was not worth the time and money the company has dedicated internet.

 

Mayer expects to sell some services unwanted Yahoo for about 1,000 million dollars, but did not identify which ones. In an apparent concession to some shareholders, Mayer also said the board Yahoo think of “strategic alternatives” that could result in the sale of all internet operations of the company. Analysts have speculated that Verizon, AT & T and Comcast might be interested in acquiring the core business Yahoo , despite years of decline

. Mayer expressed confidence that his plan to manage Yahoo as a smaller, more focused company, “impressively illuminate our future and enhance our competitiveness, our attractive for users, advertisers and partners.”

This restructuring could be the last chance to Mayer to convince the restless shareholders that has figured out how to revive growth Yahoo after three and a half years of futility .

Some of the more outgoing Yahoo shareholders, such as SpringOwl Asset Management , have come to the conclusion that Mayer should also be farewell. Mayer, a former rising star in Google who helped this company to eclipse Yahoo, has given no indication that it intends to resign.

After completion the mass dismissal in late March, Yahoo will still have approximately 9000 workers , three times more than the number of employees who should have, as seen SpringOwl , based on its continued decrease in revenue.

“We would like to see a higher share price, and we think Marissa and its current management team have become an obstacle to it,” Eric Jackson , managing director of SpringOwl .

the share price of Yahoo fell 25 cents Tuesday to $ 28.81 in subsequent operations at the close of the stock market, after learning the latest plans Mayer.

Yahoo revenues have been declining for most of the time that Mayer has been in the company, despite who has spent more than three billion dollars in the purchase of more than 40 companies, while has joined the company new talents and developed mobile applications and other services designed to attract more traffic and advertisers advertising.


                    
         
         

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