Yahoo will fire more employess after the sell of its main business

Yahoo

The internet giant Yahoo may soon have a new owner. After a long period of financial losses the company’s management decided to sell the main part of the company. The main reason for the condition of Yahoo is its unprofitable structure. In the last years huge amount of money was invested in attracting new personnel. Unfortunately the company register a very small sells per employee compared to its rivals according to Bloomberg. During Q1 2016 Google registered 315 948$ sells per employee and Facebook hit 400 000 $. During the same period Yahoo registered the modest 116 000 $ per employee. Thus probably the new owner’s most logical action would be “optimizing” the personnel. Although the CEO Marissa Mayer already fired 1/3 of the personnel probably the new owner will cut them further to 3000 people totally.

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Viliyana Filipova
My name is Viliyana Filipova and I’m working as content writer and analyst of Business News Feeds Journal. I'm writing about finance statements, business analyze and employment for Central and Eastern Europe, Russia and Middle East.

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