Yahoo! to lay off 15 percent of workforce, close offices, sell off assets in cost-cutting plan

Tuesday, February 2, 2016 - 18:20 in Mathematics & Economics

Doug G. WareSUNNYVALE, Calif., Feb. 2 (UPI) -- In a move intended to cut costs at Yahoo, CEO Marissa Mayer announced Tuesday that the web company will eliminate 15 percent of its workforce and sell assets.

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