Everything is going according to plan: Yahoo! will cut another 1,000 employees in the restructuring process
Internet company Yahoo! plans to carry out large-scale downsizing. The process will begin in January. The management of the American company will cut about 1,000 employees, which is 10% of the total number of Yahoo! employees.
A wave of layoffs will sweep across all divisions of the company. However, the media business, European operations and the platform technology division will get the most.
On Wednesday, Yahoo! It was said that they plan to announce new steps towards a more focused Yahoo! during the press conference following the fourth quarter or before it. " Layoffs are apparently carried out in the framework of steps to restructure the company's business. They will make an announcement in the next few weeks, Business Insider reports .
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Recall that over the past year, the company has reduced 14% of its staff.
Yesterday, Starboard Value Investment Fund , which owns a 1% stake in Yahoo !, demanded that the company’s director general Marissa Meyer and chairman of the board of directors Maynard Webb be fired. “Investor confidence has been lost,” representatives of the investment fund said in a letter to the board of directors of Yahoo!
According to Starboard, the company's plan for the allocation and sale of Internet business will take about another year. And with the current quality of management, investors in this time will lose more than they will gain as a result of a possible deal. While maintaining management, it is better to quickly sell Internet assets, despite the potential tax risks, consider in the investment fund.
Yahoo! Internet business includes such popular services as search engine, Yahoo Mail, Yahoo News aggregator and sports sites. In the US, Yahoo’s resources are the third highest in attendance. In October, according to comScore, the total audience of these sites was 210 million. In this respect, Yahoo is second only to Google and Facebook. Yahoo’s core business may be of interest to private equity firms or IT companies.
Yahoo! Shares at the auctions on Wednesday fell 0.12% to $ 32.16.
A wave of layoffs will sweep across all divisions of the company. However, the media business, European operations and the platform technology division will get the most.
On Wednesday, Yahoo! It was said that they plan to announce new steps towards a more focused Yahoo! during the press conference following the fourth quarter or before it. " Layoffs are apparently carried out in the framework of steps to restructure the company's business. They will make an announcement in the next few weeks, Business Insider reports .
')
Recall that over the past year, the company has reduced 14% of its staff.
Yesterday, Starboard Value Investment Fund , which owns a 1% stake in Yahoo !, demanded that the company’s director general Marissa Meyer and chairman of the board of directors Maynard Webb be fired. “Investor confidence has been lost,” representatives of the investment fund said in a letter to the board of directors of Yahoo!
According to Starboard, the company's plan for the allocation and sale of Internet business will take about another year. And with the current quality of management, investors in this time will lose more than they will gain as a result of a possible deal. While maintaining management, it is better to quickly sell Internet assets, despite the potential tax risks, consider in the investment fund.
Yahoo! Internet business includes such popular services as search engine, Yahoo Mail, Yahoo News aggregator and sports sites. In the US, Yahoo’s resources are the third highest in attendance. In October, according to comScore, the total audience of these sites was 210 million. In this respect, Yahoo is second only to Google and Facebook. Yahoo’s core business may be of interest to private equity firms or IT companies.
Yahoo! Shares at the auctions on Wednesday fell 0.12% to $ 32.16.
Source: https://habr.com/ru/post/297746/
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