NEW YORK, February 3. American Internet company Yahoo will reduce its staff by 15%. This was announced on Tuesday, the press service of the company.
Previously reported by the electronic version of the Wall Street Journal.
Most of the layoffs will be in the first quarter of 2016. By the end of the year, the company plans to have in total about 10 thousand employees: 9 thousand employees and a thousand as contractors. This is approximately 42% less than it was in 2012. According to the report, the staff cuts will allow the company to reduce operating expenses by $400 million a year.
The company also plans to close five branches in Dubai, Mexico city, Buenos Aires, Madrid and Milan.
In 2012, the number of Yahoo staff has achieved the highest in company history – about 14 thousand people. The figure for the last three years has decreased to 10.7 thousand. Just last year, the President and CEO Marissa Mayer fired 1.8 thousand employees, mainly in offices outside the U.S., including in China, India and Canada.