Thursday, 29 June 2017

Yahoo cuts 1,650 jobs, plans asset sales

By Mary Lennighan, Total Telecom
Wednesday 03 February 16

Internet company announces another new turnaround plan as Q4 results show hefty net loss on multi-billion-dollar writedowns.

Yahoo CEO Marissa Mayer on Tuesday announced a series of sweeping measures as she seeks to turn the company around, including job cuts affecting in excess of 1,600 staff and up to $3 billion worth of asset sales. The announcement came as the troubled Internet company posted a hefty net loss for the fourth quarter of the year on the back of a $4.46 billion writedown on the value of its assets…

Yahoo CEO Marissa Mayer on Tuesday announced a series of sweeping measures as she seeks to turn the company around, including job cuts affecting in excess of 1,600 staff and up to $3 billion worth of asset sales. The announcement came as the troubled Internet company posted a hefty net loss for the fourth quarter of the year on the back of a $4.46 billion writedown on the value of its assets…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry