Douglas MacMillan of the Wall Street Journal says Marissa Mayer will announce a new plan for Yahoo this week. Yahoo will hold its third quarter earnings call this Tuesday. Citing a source briefed on Yahoos plan, MacMillan says Mayer will discuss the following on the call: A change in acquisition strategy. MacMillan says Mayer will defend her decision to spend $200 million or so on aqui-hires — those deals where Yahoo bought failing startups in order to hire their engineering teams. After defending acqui-hires, Mayer will promise to do fewer for them — in favor of larger acquisitions that might be able to help grow Yahoo revenues. Cost-cutting plans. Ms. Mayer is expected to outline cost-cutting efforts. Mayer is also likely to explain her recent decisions to lay off nearly 500 employees in India and Jordan as part of a broader effort to cut costs. Mayer is currently under pressure from an activist shareholder Jeff Smith. Smith, of Starboard Value, wrote an open letter a couple weeks ago, says that Mayer should quit making acquisitions altogether, find a tax efficient way to monetize its Asian assets, and sell to AOL. Join the conversation about this story »
Posted on: Mon, 20 Oct 2014 00:40:03 +0000
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