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Yahoo comes up with plan to reduce costs
Yahoo will Monday announce that there is going to be cut in the cost of the troubled Internet company. Several businesses will be divested and to fifteen percent of the workforce will be laid off.
That The Wall Street Journal heard from a reliable source. CEO Marissa Mayer reportedly will announce this in a video later today. With the shrinking of Yahoo buys Meyer time to investors to battle with hedge fund Starboard Value LP. further fighting. The hedge fund aims for new management and a sale of the company or parts of it before March 26th.
Mayer had already announced in October to direct the focus of the company within several areas, without going into further detail. Yahoo is trying since some time shares of Chinese commerce site Alibaba to do the hand.
Verizon Communications has already made it publicly clear that it is interested in buying the company. Verizon then will combine advertentietak Yahoo with those of AOL. Verizon AOL bought in 2015 for 4.4 billion dollars. With the lowering of the cost Yahoo could be a better candidate for acquisition, the WSJ writes further.
The costs at Yahoo are still rising, but falling sales. A large part of the cost increase is due to deals that Yahoo made with Mozilla and Oracle to lead traffic to the search engine. With still a small 11,000 employees, Yahoo earns about $ 345 000 per employee, which is less than Twitter, which some 359 000 Revenue per employee. Alphabet and Facebook sitting there with well over 895 000 and more than one million per employee.
Analysts expect profit before tax of Yahoo in 2015 for the first fall in six years under the billion dollars. Revenues for the last quarter have increased by one percent to 1.19 billion dollars compared with a year earlier, is expected.
Presumably announced that more focus will be placed on Project Index, an internal project to build a better search engine specifically aimed at mobile phones, has announced a resource to WSJ.Viewing:-160
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