Report: Yahoo's CEO, Marissa Mayer, to Announce Cost-Cutting Plan

[engine]

If the report is correct, Thursday's figures from Yahoo are probably not going to look too good.

Ms. Mayer is expected to appear on video with Chief Financial Officer Ken Goldman after Yahoo announces fourth-quarter earnings to unveil a plan aimed at slashing the Internet company’s costs, including the closure of several business units and a reduction of up to 15% of its workforce, said people familiar with the matter.Report: Yahoo's Ceo, Marissa Mayer, to Announce Cost-Cutting Plan [wsj.com]

[travelin cat]

Yahoo said Tuesday it will make deep cuts to its business, including laying off 15 percent of its global workforce and closing five offices. The company also said for the first time it would consider selling its Internet properties.

[sfgate.com...]

[martinibuster]

Disappointing that it's come to this.

[creative craig]

I'll take Flickr off their hands, I think it still has great potential!

[engine]

Despite the gloom of job losses and office closures, Yahoo's Q4 and full year results beat estimates, and were up from $1.253 billion to $1.273 billion in quarterly revenue, YoY, beating estimates. The full year was up from $4.618 billion to $4.968 billion YoY.
Mobile revenue continues to grow, too, although it appears not as strong as what it describes at PC revenue.

The full breakdown is here.
[info.yahoo.com...]

[chrisuk]

Bing got rid of all of their search partners except for a few that were willing to keep bending over for a smaller much less tasty slice of the pie. They took a closer look a bit later once they wondered where all the clicks and revenue had gone. Their search partners knew the business far better than Yahoo ever did. Lots of decay or excess cost in different areas of the core business also, too bloated and people just use the web differently.

They need to streamline, no shame in being a smaller but more profitable company, no one stays at the top.

[incrediBILL]

People still use Yahoo?

They're like the 3rd runner up in the primaries, time to suspend the campaign!

[blend27]

People still use Yahoo?

I do it all the time when I need to check if internet connection is working on not.