Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday February 02, 2016

Yahoo To Cut 15% Jobs, Close Several Units

According to Reuters, Yahoo will be cutting around 1,600 jobs and closing several business units as part of a plan to cut costs.

Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company's workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are expected to be announced after Yahoo's fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. It did not specify which business units might be closed.