More cuts for Yahoo, which records in 2015 losses of more than $4 billion and is preparing to reduce its workforce by 15% (1.700), with the closure of several offices around the world, including the one in Milan.
“Yahoo will evaluate its strategic options, as part of an 'aggressive strategic plan' from the CEO” Marissa meyer and aims a cut operating expenses by $400 million by the end of 2016, continues the company. It will not only be the Milan office that will be cut: the offices in Dubai, Mexico City, Buenos Aires and Madrid will also close.
The quarterly of the Sunnyvale company is in the red and closes a negative year. Net of certain accounting items, earnings per share were 0,13 cents, in line with expectations of analysts. Revenues rose 1,6% to $1,27 billion, above market expectations, which bet on 1,19 billion dollars. Stocks were unaffected by the accounts and moved little, down 0,58%, in after-hours trading.
