Yahoo Looking to Cut Over 1000 Jobs: Report

Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources.
The layoffs, which would result in more than 1,000 people leaving the tech giant, is set to affect Yahoo's media business, European operations, and platforms-technology group, Business Insider said on Wednesday
This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching.
Starboard implied that Mayer and her officers needed to go, without naming her specifically.
The activist investor also threatened to shake up the board if Yahoo's stock continued to suffer.

Yahoo spokeswoman Rebecca Neufeld said the company will provide more details on its turnaround plan prior to its fourth quarter earnings call later this month.
Starboard, which owns about 0.75 percent of Yahoo, has been pushing for changes at the Internet company since 2014, urging it to separate its Asian assets and auction off the core business.
The investor, together with other shareholders, has demanded Yahoo separate the Asian assets, including stakes in Chinese e-commerce company Alibaba Group Holding Ltd and Yahoo Japan Corp, and conduct an immediate public auction of the core business, including search and advertising businesses.
But Yahoo is resisting, instead pursuing a tax-free spinoff of the core business, which could take at least a year.
Yahoo had appointed management consulting firm McKinsey & Co, in November, to help with the reorganization of its core businesses.
The company also had plans to make big changes to its media unit, restructuring and consolidating it, including making cuts and shuttering some efforts.
In December, Yahoo shelved plans to spin off the Alibaba stake and said it would create a separate company that would house Yahoo's Internet business and its stake in Yahoo Japan.
Reuters could not immediately reach Yahoo Inc for comment outside regular US business hours.

Comments

8 Foods That Prevent Cancer

1. Cauliflower Image source: Simply Scratch Cauliflower contains sulforaphane, a compound that has been shown to have anti-cancer effects. Sulforaphane are released when cauliflower is broken down, so focus on chewing it before swallowing. This compound seeks and destroys certain cancer cells without harming your healthy cells. There are plenty of recipes available online on how you can add cauliflower to your meals. Cauliflower and broccoli have similar effects, so add broccoli to your list of foods too. 2. Carrots Image source: http://eatbelive.com/ Even though carrots are mainly thought to be good for one’s eye sight, researches from the last ten years suggest that they are also good against some types of cancer, one of which is prostate cancer. A study was done on mice who were fed an increased carrot intake, and the study showed that carrots could stop the growth of prostate cancer. Carrot have many other health benefi...

The first stethoscope

René Laennec, a French doctor and inventor was born 235 years ago today, and Google has marked his birthday with a Doodle. Dr Laennec's importance to modern medicine was guaranteed by his invention of the very first stethoscope in 1816. Here are five things you (probably) didn't know about him : 1. Dr Laennec's stethoscope bears little semblance to the modern stethoscope. Unlike those used today, Dr Laennec's stethoscope was not a set of ear pieces connected by a plastic tube to a chest piece. His stethoscopes were simple cylinders made from wood and metal. The doctor using it would simply place it directly over the area in question and listen at the other end. 2. His first stethoscope was a rolled up piece of paper Described in his 1819 treatise on this device, Dr Laennec invented the stethoscope while treating a young woman suffering from symptoms of heart disease. 3. The stethoscope was not his only contribution to medical science I...

iPhone 6s and iPhone 6s Plus Review

For most of the reviews here at Gadgets 360, we use the mobile in question as our primary phone for about a week or so before sharing our verdict with you. We realise this isn't perfect, since there are some aspects of the device that don't become obvious during that time, and in an ideal world, we'd use every phone for a couple of months before we publish our review. But we work under constraints where most devices aren't available to us for that long - almost all products that we review are loaned to us by companies for short durations - and there's also the competitive pressure of wanting to get your review out before others do, as long as it doesn't involve cutting any corners. With the launch of iPhone 6s and iPhone 6s Plus in India, Apple offered to loan the two new iPhones to Gadgets 360 - and indeed other publications - for more than the typical timeframe of a few days. The India iPhone launch of course came a few we...

jaDuGai

Search This Blog