Monday, 1 February 2016

Yahoo released tomorrow a new recovery plan or mass layoffs

Posted by doll on 06:48:00 with No comments
Bloomberg News quoted informed sources as saying today that Yahoo CEO Marissa Mayer (Marissa Mayer) on Tuesday announced a new recovery plan, including job cuts.

Yahoo will be released on February 2, the new quarter. People familiar with the matter said, when Yahoo will announce new recovery plan may include job cuts. Last December, Yahoo's decision to abandon the original plan to spin off its stake in Alibaba, but spun off other businesses, including holdings in Yahoo Japan 35% stake and form a new company.

But the plan was opposed by a number of large shareholders, Starboard Value, and Canyon Capital Advisors and Mason Capital and other major shareholders are urging Yahoo's Internet direct sale of core assets. Among them, the Starboard Value has twice recently sent a letter to Yahoo's Board of Directors said that it would launch a proxy fight.

Yahoo shareholders for a long time the Jacob Internet Fund (Jacob Internet Fund), Chairman and Chief Investment Officer of laian·ya Bubu (Ryan Jacob) said: "Mayer's time was almost exhausted. From the current situation, the proxy battle seemed inevitable. I support shareholders launched a proxy fight, Yahoo over a period of time the changes are incremental, let shareholders down for many years. ”

Investment company b. Riley and Co analyst samite·Xinha (Sameet Sinha) said: "at present, everyone wants Yahoo's Board and management to agree to sell the core of Internet assets. Yahoo there is no one to ensure the sustainable development of the ' killer ' products. ”

Since its as Yahoo CEO, Mayer has laid off more than 30%. Pivotal Research Group analyst bulaien·weiseer research institutions (Brian Wieser), Mayer's new plan might surprise investors, such as cutting 50%, but it is not very big.

Wesel, said: "from an investor's perspective, the biggest risk is that Yahoo is about to run out of cash. Even Mayer gives a new plan that sounds attractive, it does not mean that Yahoo would stop a proxy fight, let alone win. ”


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