Yahoo Will Lay Off 15 Percent of Its Workforce

Last year was a rough one for Yahoo. Today CEO Marissa Mayer announced layoffs, cutbacks, and consolidation to help the company regain its footing. The company will close offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan. It is also moving away from creating original TV shows, is consolidating its digital magazines, will sell valuable real-estate, and is shuttering legacy products like Yahoo Games.
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