More Yahoo Layoffs Preempt Today’s Earnings Call
Later today Yahoo will announce its fourth quarter earnings, but right before that, the company is laying off another 1 percent of its 13,600 staffers worldwide, mainly in the in the media and advertising group.
“The personnel changes we are making are part of our ongoing strategy to best position Yahoo! for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace…”
Over 100 Yahoo employees have been laid off this time, but today’s layoffs are only the latest of several rounds which have been going on since last year. Yahoo’s holiday round laid-off 4 percent of its employees in December. Layoffs are never a good sign for a company, any company, which may translate into some disappointing results in today’s earnings call. The internet giant had not experienced any revenue growth whatsoever lately and it may even be headed for a descent.
SiliconANGLE has been covering Yahoo very closely over the past week. We discussed the launch of Yahoo! Shine, a lifestyle portal targeting Canadian Women bringing a glimmer of hope for Yahoo’s media and company overhaul. The portal is divided into three main sections including “The Thread”, “Your Beauty” and “A-Line.” We also gave our take on Yahoo!’s pre-earnings call stock reports as well as thoughts around its upcoming earnings report, expected to expose $1.19 billion in revenues.
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