Yahoo is going to cut 15% of staff

Moscow. 2 February. The head of the American Internet company Yahoo Inc. Marissa Mayer may soon announce a new restructuring plan of the company, involving the closure of several units and the reduction to 15% of employees, writes The Wall Street Journal, citing informed sources.

This may be announced during the press conference, devoted to the publication of statements of the company for the fourth quarter of 2015 and the year as a whole. The event will take place after the close of U.S. markets Tuesday.

According to the forecasts of wall Street in 2015 EBITDA amounted to $900 million, falling to less than $1 billion for the first time in six years. It is expected that revenue in the fourth quarter increased less than 1%, to $1,19 billion.

Yahoo investors increasingly Express discontent with the policies of the company’s management and Mayer in particular. For 3.5 years she heads the firm, Yahoo’s revenue declined and costs rose.

Several investment funds encourage the company to change the top management team and to sell any key for Yahoo Internet business, or company as a whole, or to allocate to a third party stake in Alibaba Group Holding, valued at $32 billion.

Interest in buying Yahoo has already shown telecommunications giant Verizon Communications. The company may consolidate advertising and media assets Yahoo with AOL, which it acquired last year for $4.4 billion

Forbes by the end of 2015 turned Marissa Mayer into the top ten worst CEO.