Marissa Mayer's Vision For The Future Of Yahoo Just Got A Lot Smaller
The cost-conscious plan for 2016 includes simplification in the form of layoffs, budget cuts, and a focus on fewer products and countries.
Yahoo's webcast about how it did in the fourth quarter of 2015 began in spirited fashion, with the traditional "Yahoooooooooo!" yodel. But the actual news that followed was sobering, even though the company beat Wall Street's expectations with quarterly revenue of $1.28 billion. And more sobering still were the plans CEO Marissa Mayer announced for 2016, which include layoffs, discontinuation of services—and the possibility that part or all of the company could end up being sold off.
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