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02/03/2016 12:44 PM ID: 102619 Permalink   

Yahoo to Axe up to 15 Percent of Workforce, Close Offices


Yahoo´s CEO Marissa Mayer announced on Tuesday that they will lay off 15 percent of its workers, sell off some of its assets and close offices in Dubai, Mexico City, Argentina, Spain and Italy.

"Today, we´re announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo´s transformation," Mayer explained.

The four main points of Yahoo´s new strategy is growing user engagement, increasing revenues in Mavens platforms, simplifying the business and efficiently aligning resources.

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