Internet company Yahoo's new strategy will reduce 15% of staff, abandon a lot of services and close five offices.
Net loss for the quarter was $ 4.43 million. It is expected that by the end of the year the company will operate with 42% of the workers less than it was in 2012. According to the company management, these measures will help to reduce costs by $400 million per year.
Negative news greatly affected the shares of Yahoo, the value has already reduced by 1.45%. Traders have a great opportunity to earn money on further asset price reduction. Trading will be available during the American session, from 13:40 till 20:00 MSK.
The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.