{"id":186911,"date":"2016-02-03T19:31:39","date_gmt":"2016-02-03T19:31:39","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=186911"},"modified":"2016-02-03T19:31:39","modified_gmt":"2016-02-03T19:31:39","slug":"yahoo-to-cut-its-workforce-by-15","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/02\/yahoo-to-cut-its-workforce-by-15\/","title":{"rendered":"Yahoo to cut its workforce by 15%"},"content":{"rendered":"
Yahoo is cutting 15% of its workforce as the company pursues an “aggressive strategic plan” to return to profitability.<\/p>\n
The job cuts will reduce the number of its employees to about 9,000 by the end of 2016.<\/p>\n
The announcement came as Yahoo reported a $4.3bn (\u00a33bn) loss for the year.
\nIn a statement, chief executive Marissa Mayer said: “This is a strong plan calling for bold shifts in products and in resources.”<\/p>\n
She added that it would “dramatically brighten our future and improve our competitiveness, and attractiveness to users, advertisers, and partners.”<\/p>\n
The head-count reduction is the latest part of Ms Mayer’s attempt to turn around the troubled internet company, which is struggling to compete against the likes of Facebook and Google.<\/p>\n