trending Market Intelligence /marketintelligence/en/news-insights/trending/dVwWf0V9v4UaYOl4W2izFA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Yahoo likely to see layoffs with new owner

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

European subscription OTT video 5-year outlook

Blog

Broadcast deal market recap 2020 – relatively good results in a challenging year


Report: Yahoo likely to see layoffs with new owner

Yahoo! Inc.'snew owners are likely to pursue layoffs in an attempt to cut costs, perhapstrimming 3,000 positions from the company, Bloomberg News reported July 17, theday before a final roundof bids for Yahoo's core internet assets were due.

SunTrust Robinson Humphrey analyst Robert Peck said a buyerlike Verizon Communications Inc.or AT&T Inc.could easily make those cuts largely due to redundant operations in areas suchas human resources or marketing, according to Bloomberg. Both Verizon andAT&T are among the companies rumoredto be interested in Yahoo.

Yahoo's board reportedly received offers that valued thecompany's assets at up to about $6 billion.