Another bites the Dust Yahoo can't seem to figure out how to turn itself around. Today it announced a new " aggressive strategic plan " to pare itself down to focus on its strength in its Q4 earnings report. That plan involves laying off 15 percent of its workforce and closing five international offices. The offices closing will be in Dubai, Mexico City, Buenos Aires, Madrid and Milan. The layoffs will mean the company will have only 9,000 employees by the end of 2016. The overall goal is to reduce operating costs by $400 million in the coming year. The company brought in $1.27 billion in revenue during the quarter. The company had a huge writedown of $4.5 billion. Ouch. In a statement CEO Marissa Mayer said, "today, we're announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo's transformation. This is a strong plan calling for bold shifts in products and in resources." During the earnings' livestre...
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