TEMPO.CO, San Francisco - Yahoo Inc is cutting its workforce by 15 percent, meaning it will reduce the number of its employees to about 9,000 people by the end of 2016. The company is pursuing an aggressive strategic plan to return to profibility.
The jobcut is due to a reported $4.3 billion loss for the year. “This is a strong plan calling for bold shifts in products and in resources,” Yahoo CEO Marissa Mayer said Wednesday, Feb 3.
Mayer is confident that the jobcut will dramatically brighten the company’s future. “Improve our competitiveness, and attractiveness to users, advertisers, and partners," she said.
Last December, Yahoo announced it was reversing a plan to sell its shares in the Chinese e-commerce site Alibaba. The annulment was decided due to pressures from a number of investors.
Besides cuttingits workforce, Yahoo focuses to create an engine search, email, and Tumblr blogging site and make it more attractive for advertisers and appealing in mobil phone display.
The California-based company also wants to sell of some of its product lines. As a result from this plan, Tahoo is expected to lead to modest and accelerating growth in 2017 and 2018. Yahoo predicts the cutting down of this product alone could generate $1 billion.
Mayer has been under pressure from investors to resign as chief executive. “We would like to see a higher stock price, and we think Marissa and her current management team have become a hindrance to that,” said Eric Jackson, managing director of SpringOwl. Yahoo shares fell 1.4 percent after hours trading.
BBC | REZKI ALVIONITASARI
