Yahoo - 1,700 Layoffs / Closing 5 Offices

http://www.dailymail.co.uk/sciencetech/article-3429018/Yahoo-sacking-1-700-workers-closing-five-offices-exploring-aggressive-strategic-alternatives-Marissa-Mayer-fights-job.html

Yahoo is laying off about 1,700 employees, closing five offices and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.

The long-anticipated purge will fire 15 percent of Yahoo's workforce along with an assortment of services including Smart TV and online magazines.

Yahoo also said it was 'exploring strategic alternatives' in addition to the continued pursuit of the reverse spin-off of its Internet business, the strongest sign yet that Mayer may be willing to sell the struggling Internet business of Yahoo, which was a web pioneer in the 1990s but has since been eclipsed by Alphabet's Google and Facebook in the battle for online advertisers.