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February 2, 2016 09:55 pm GMT

Yahoo Plans To Cut 15 Percent Of Workforce, Reports $4.5B Writedown On Tumblr, Americas And Europe

yahoo-earningsYahoo confirmed plans today to lay off approximately 15 percent of its workforce.The company made the announcement in conjunction with its its fourth quarter earnings, where it reportedrevenue of $1.27 billion and earnings per share of 13 cents. That’s close to analyst estimates (well, ahead on revenue)— they’d predicted revenue of $1.19 billion and EPS of 13 cents.… Read More

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