Report: Yahoo plans to lay off 10% of its workforce

Jan

7

2016

Company Yahoo on a plan to lay off at least 10% of its workforce, as part of the process is expected to begin as early as during the month of January of this, according to the site said: “Business Insider” Business Insider, citing informed sources.

For its part, Reuters news agency quoted Thursday by Sarah Meron, a spokeswoman for Yahoo’s response to the report via e-mail message, “We do not emphasize this rumor we have no comment.”

The Web site, “Business Insider” Wednesday that the process of demobilization, which would lead to more than 1,000 employees Exchange, scheduled to affect Yahoo’s work in the media sector, the European operations, and technology platforms group.

The move comes in the wake of a letter sent Wednesday activist investment firm Starboard Value LP to Yahoo to increase pressure on the company, in an effort to target the CEO Marissa Mayer and team leadership hers. As investment company hinted that it should Mayer and employees leave the company, without naming it specifically.

And threatened Starboard Value, which owns 0.75% of Yahoo, also the reorganization of the company’s board in the event of Yahoo’s shares continued to decline. The company has begun pressing for changes at Yahoo since 2014.

The Starboard Value, along with other shareholders, Yahoo demanded the separation of Asian assets, including shares in the Chinese company for e-commerce, “Alibaba Group Holding” and “Yahoo Japan”, and make immediate public auction of the core business, including sectors Search and advertising.

But Yahoo resisted this, and decided in December / December last year to postpone the separation of its share of the “Ali Baba”, and said it planned to create a separate company that will be home to its work in the field and its stake in Yahoo Japan.

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