SUNNYVALE (UNITED STATES), 4 Apr. (EUROPA PRESS) -
The Yahoo! Website will launch "important steps to reform the company for the future" and make it more competitive, a decision that includes the elimination of around 2,000 jobs in the company, which is equivalent to approximately 14 percent of the workforce, as reported in a statement.
The Internet portal aims to save with this measure 375 million dollars (286 million euros) per year, once this process of staff reduction is completed, which currently amounts to around 14,000 workers.
It has also foreseen that the cost, before taxes, derived from workers' compensation will be between 125 and 145 million dollars (95 and 110 million euros) in cash, which will be included in the results of the second quarter of its fiscal year, although it has acknowledged that it could incur additional charges related to this measure.
The company has highlighted the "solid foundation" of its business, which has 700 million users and thousands of advertisers, and has pointed out that with these restructuring efforts it intends to respond more quickly to the needs of customers and compete more effectively in areas where it can win.
To this end, Yahoo! has identified key parts of its business, where it will intensify efforts and redistribute its resources globally to increase shareholder value.
In addition, it has committed to maintaining a "clear focus" on profitability and growth and to being disciplined in all its investments, in addition to "radically" simplifying the creation, launch and maintenance of all its properties and products.
"Today's actions are an important step toward a brave new Yahoo!, smaller, more agile, more profitable and better equipped to innovate as fast as our customers and our industry requires," said Yahoo! CEO Scott Thompson.
Thompson has stressed that they are stepping up their efforts in their core businesses and redistributing their resources toward their most urgent priorities. "Unfortunately, reaching our goal requires the tough decision to eliminate jobs. We deeply value our people and all they have contributed to Yahoo!", he added.
