Verizon has taken over Yahoo, completing a $4.5 billion deal that will usher in a new management team to attempt to wring more advertising revenue from one of the internet’s best-known brands. Tuesday’s closure of the sale ends Yahoo’s 21-year history as a publicly traded company. It also ends the nearly five-year reign of Yahoo […]
Read More
YAHOO Inc. announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts. The layoffs take effect April 11 and affected employees received 60-day advance notice of the move, Yahoo said in a notice filed with the California Employment Development Department. The layoffs were […]
Read More
EMBATTLED Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of the company’s workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday. The plans are expected to be announced after Yahoo’s fourth-quarter results on Tuesday, the Journal reported, citing […]
Read More
MARISSA Mayer, the glamorous, geeky Google executive hired to turn around Yahoo in 2012, used to inspire hope in Yahoo’s workforce just by visiting the cafeteria for ice cream and mingling. IndiaTimes Now, morale has sunk so low that some employees refer to Mayer, Yahoo’s chief executive, as “Evita” — an allusion to Eva Peron, the […]
Read More
