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


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

TMT News & Research: 2020 Recap

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic

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.