Wednesday, February 3, 2016

Yahoo records losses 3,995,000 million and will lay off 1500 workers

The US group Yahoo announced Tuesday that it incurred losses of 4359 million dollars (3,995 million euros) in 2015 and will lay off 15% of its assets, nearly 1,500 workers. The financial health of the Yahoo group was helped in 2014, when it recorded a profit of 7522 million, compared with a loss of 4,359 million in 2015, due to extraordinary income of 6,300 million euros arising from the sale of its stake in Chinese e-commerce company Alibaba, says in a statement.

Yahoo records losses 3,995,000 million and will lay off 1500 workers

Revenues from Yahoo, in turn, amounted to 4,968 million dollars in 2015, against 4,618 million in the previous year. The Starboard Value fund, which owns Yahoo, said in November 2014 that he intended to sell its "core business" on the Internet, known as Yahoo.

The redundancies announced fit into an "aggressive strategic plan" which was released today, but we want to increase revenues from mobile services, video and social networks for EUR 1 800 million at the end of this year. The group wants to reach the end of this year with 9,000 full-time workers and a little less than 1,000 subcontractors.