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.
Sunnyvale's Yahoo! Plans Restructure, Lays Off 15 Percent
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Nicholas Carlson, editor-in-chief, INSIDER; author of "Marissa Mayer and the Fight to Save Yahoo!"
Doug MacMillan, technology reporter, Wall Street Journal