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
On Tuesday Yahoo! announced that it plans to cut 15 percent of its workforce and shutter five global offices tohelp trim $400 million in operating costs. The loss of 1,700 jobs comes in the wake of its surprise December moveto not spinoff its stake of the Chinese e-commerce giant Alibaba, and as investors and tech experts speculate thatCEO Marissa Mayer may be trying to lure a buyer. We discuss the future of Yahoo! and its business plan.
(Brad Barket/Getty Images for WIRED)
Guests:
Nicholas Carlson, editor-in-chief, INSIDER; author of "Marissa Mayer and the Fight to Save Yahoo!"
Doug MacMillan, technology reporter, Wall Street Journal