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Yahoo to cut its workforce by 15%

Yahoo to cut its workforce by 15%

Yahoo is cutting 15% of its workforce as the company pursues an "aggressive strategic plan" to return to profitability.

The job cuts will reduce the number of its employees to about 9,000 by the end of 2016.

The announcement came as Yahoo reported a $4.3bn (£3bn) loss for the year.

In a statement, chief executive Marissa Mayer said: "This is a strong plan calling for bold shifts in products and in resources."

She added that it would "dramatically brighten our future and improve our competitiveness, and attractiveness to users, advertisers, and partners."

Last modified on Thursday, 04 February 2016 09:56