Yahoo Careers is Yahoo’s job resource service. Previous reports suggested that several telecommunications firms, including AT&T, Comcast, and Verizon, may be interested in buying Yahoo’s Internet arm at its current state.
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Although Mayer was instrumental in helping Google become the tech powerhouse it is today, eventually overtaking Yahoo in the search engine and broader Internet spaces, several shareholders have been calling for her head as company CEO.
As part of the simplification drive, Yahoo is considering selling off non-strategic patents, real estate and other non-core assets.
Despite Marissa Mayer’s continued efforts as the CEO since 2012, there has not been any encouraging signs for Yahoo’s dwindling businesses – across all formats. In a recent interview, Mayer said that while they are open to offers, the company’s first priority is implementing a turnaround plan.
Mayer said she believes Yahoo is now in a position of strength after building mobile operations with 600 million monthly users and a billion dollar advertising business.
Yahoo, based in Sunnyvale, California, said it plans to lay off about 1,500 employees and exit five offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan.
The plan involves trimming down its product portfolio focssing more on things which are working and consolidating or shutting down the others.
Marissa Mayer announced that by the end of this year, Yahoo will trim fifteen percent of its workforce.
Yahoo Inc is cutting its workforce by 15 percent, meaning it will reduce the number of its employees to about 9,000 people by the end of 2016.
The troubled internet portal has been under extreme pressure from investors to sell its core assets, and perhaps the entire company.
Maynard Webb, Yahoo’s Chairman of the Board, said: “The Board also believes that exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders”.
Among the write-downs, the company took an impairment charge of $230m for Tumblr, the social blogging site for which it paid $1.1 billion in 2013.
Yahoo reported fourth quarter revenue of $1,27bn, not quite a 2% increase compared with the same period the year before, while revenue for the full year of $4.96bn was up just 8% compared with 2014.
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Mayer said she felt it was important to once again acknowledge that, in executing the strategic plan for 2016, revenue and EBITDA would likely be down as Yahoo deals with headwinds in its legacy business.
