Yahoo! Inc. Chief Executive Officer Marissa Mayer is exploring strategic alternatives for the company’s beleaguered Web business while slashing staff by about 15 percent and exiting product lines, giving in to demands by restive shareholders displeased by her failure to boost growth.
The Sunnyvale, California-based company will fire employees, shutter more offices and devote more resources to increasing engagement with users, Yahoo said Tuesday in a statement. Mayer’s plan was unveiled as the company reported fourth-quarter sales and profit that exceeded analysts’ estimates, off...
02:11 Murdoch Pounces on Sky as Lower Pound Makes Takeover Cheaper8
19:34 CEO shift at Coca-Cola could usher in more dealmaking to refresh soda giant's growth15
14:34 Coca-Cola Elevating Operating Chief to CEO, Succeeding Kent15
09:43 ThyssenKrupp secrets stolen in 'massive' cyber attack this year24