SAN FRANCISCO–Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job, DailyBells Nigeria reports.
The long-anticipated purge announced Tuesday is expected to jettison about 15 per cent of Yahoo’s workforce along with an assortment of services that Mayer decided aren’t worth the time and money that the Internet company has been putting into them.
The overhaul probably represents Mayer’s last chance to persuade restless shareholders she has figured out how to revive Yahoo’s growth after 3 1/2 years of futility.
Yahoo’s revenue has been shrinking through most of Mayer’s reign, even though she has spent more than $3 billion on acquisitions and introducing features designed to bring in more traffic and sell more advertising.
Do You Have Any Story, Press Release, Events Coverage Or You Want An Advert Placement?
Call The DailyBells Nigeria Today On Our Hotlines +234 802 523 7926, +234 806 017 6677 Or WHATSAPP On +234 802 523 7926
Email: firstname.lastname@example.org Or email@example.com.
All Rights Reserved. This Material And Any Other Material On THE DAILYBELLS NIGERIA Should Not Be Reproduced, Published Broadcast, Written Or Distributed In Full Or In Part, Without Written Permission From The Editor/CEO..