Yahoo to Cut 15 Percent of Workforce

By Chris O'Shea Comment

Yahoo 320

Yahoo is going down, hard and fast. In a fourth quarter earnings call, the company said it will cut about 15 percent of its 11,000 staffers and explore “strategic options,” which is business speak for “we’re selling everything.”

The sale process means everything about Yahoo will get smaller. Yahoo said that by the end of this year, it expects to employ about 9,000 staffers and cut overall spending by roughly $400 million per year.

Though a sale will likely mean the end of CEO Marissa Mayer’s tenure, she tried her best to sound optimistic.

“I’m very much looking forward to the turnaround plan that I have presented today, and I think it will make us the best version of ourselves,” Mayer told The Wall Street Journal.

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