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Marissa Mayer plans to cut Yahoo jobs, shutter businesses
We'll find out more during the conference video on Tuesday
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growth never happened. Thirteen earnings calls later, Mayer (Yahoo's Chief Executive) on Tuesday plans to shift her focus from taking market share to making drastic cuts.
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fourth-quarter earnings to unveil a plan aimed at slashing the Internet company’s costs, including the closing of several business units and a reduction of up to 15% of its workforce
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Mayer said in October she was preparing to narrow the company’s focus on fewer areas, without providing more detail. Since then, the company has rattled investors by shelving a plan to spin off shares in Alibaba Group Holding Ltd.BABA, +0.94% and failing to explore a sale of the business. Though potential suitors have already expressed interest, Yahoo’s board has put off any serious talks for now, people familiar with the matter said.
We'll find out more during the conference video on Tuesday