Yahoo Plans To Cut 15 Percent Of Workforce, Reports $4.5B Writedown On Tumblr, Americas And Europe

yahoo-earnings Yahoo confirmed plans today to lay off approximately 15 percent of its workforce. The company made the announcement in conjunction with its its fourth quarter earnings, where it reported revenue of $1.27 billion and earnings per share of 13 cents. That’s ahead of revenue estimates — had analysts had predicted revenue of $1.19 billion and EPS of 13 cents. The Wall Street… Read More

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