Sunnyvale's Yahoo! Plans Restructure, Lays Off 15 Percent

at 9:00 AM
Save ArticleSave Article

Failed to save article

Please try again

 (Brad Barket/Getty Images for WIRED)

On Tuesday Yahoo! announced that it plans to cut 15 percent of its workforce and shutter five global offices to help trim $400 million in operating costs. The loss of 1,700 jobs comes in the wake of its surprise December move to not spinoff its stake of the Chinese e-commerce giant Alibaba, and as investors and tech experts speculate that CEO Marissa Mayer may be trying to lure a buyer. We discuss the future of Yahoo! and its business plan.

Guests:

Nicholas Carlson, editor-in-chief, INSIDER; author of "Marissa Mayer and the Fight to Save Yahoo!"

Doug MacMillan, technology reporter, Wall Street Journal

Sponsored