35696
Yahoo Cutting Workforce
World Economy

Yahoo Cutting Workforce

Internet pioneer Yahoo has posted a $4.4 billion loss for the last quarter of 2015. In a bid to save the struggling business, the firm has said it will slash jobs and sell “non-strategic” assets. Yahoo announced on Tuesday that it had made the decision to cut 15% of its workforce as the once-massive internet firm continued to flounder amongst competition from rivals, such as Google. The cuts will amount to around 1,500 jobs and close offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan.

Short URL : https://goo.gl/i7r2My
  1. https://goo.gl/tcavwP
  • https://goo.gl/2ATNYH
  • https://goo.gl/FfcXFP
  • https://goo.gl/7o7AWV
  • https://goo.gl/xawbls

You can also read ...

Mastercard Files Patent to Use Blockchain
Mastercard has filed a patent that reveals it might utilize...
Egypt Growth to Reach 5.2%
The International Monetary Fund expects economic growth in...
Indonesia Growth Accelerating
Economic data released so far this year shows a pick-up in the...
In Europe, the Stoxx 600 index edged 0.103% higher by mid-day in Frankfurt, with similar percentage gains for benchmarks around the region.
Global stock markets followed Wall Street higher Wednesday...
Consumers are starting to realize the extent to which digital services profit from their personal information.
Before the threat of a US-China trade war arose, surging stock...
Household waste recycling installation.
The Circular Economy package, with recycling targets and other...
Turkey Sees 4.1% Growth
Turkey’s economic growth will fall short of the government’s...
Gold Rally Coming
Be patient when it comes to gold, says one analyst, projecting...

Trending

Googleplus