Yesterday, Yahoo released it Q4 2015 earnings which showed that its business has become stagnant and increasingly less profitable. As a result, Yahoo CEO, Marissa Mayer, as part of her turnaround plan, has decided to axe 15% of its workforce, affecting up to 2,000 workers, leading to office closures in Dubai, Mexico, Buenos Aires, Madrid, and Milan. Yahoo is also once again considering selling off its Internet business, having previously changing its mind on the sale. the company has struggled to compete with Google and Yahoo Games in terms of online advertising, hence it plans to shut down Facebook and Yahoo TV and to focus on its search, mail and Tumblr, as well as mobile and video advertising products.
Yesterday, Yahoo released it Q4 2015 earnings which showed that its business has become stagnant and increasingly less profitable. As a result, Yahoo CEO, Marissa Mayer, as part of her turnaround plan, has decided to axe 15% of its workforce, affecting up to 2,000 workers, leading to office closures in Dubai, Mexico, Buenos Aires, Madrid, and Milan. Yahoo is also once again considering selling off its Internet business, having previously changing its mind on the sale. the company has struggled to compete with Google and Facebook in terms of online advertising, hence it plans to shut down Yahoo Games and Yahoo TV and to focus on its search, mail and Tumblr, as well as mobile and video advertising products.