The Traderszone Network

Published in TZ Latest News 1 February, 2016 by The TZ Newswire Staff

Yahoo to cut 15 percent jobs, close several units: WSJ

The plans are expected to be announced after Yahoo’s fourth-quarter results on Tuesday, the Journal reported, citing people familiar with the matter. A Yahoo spokeswoman said the company could not comment during its quiet period before releasing earnings. Activist investors have pressed Yahoo to sell its core business rather than spin it off, even though a sale would likely incur more taxes.