[NewsPoster]

Yahoo may be putting parts of itself up for sale, the company has seemingly suggested in its latest quarterly results. Among major changes in the web property's structure, including a 15-percent reduction in workforce and the closure of five offices, CEO Marissa Mayer and the board at the troubled company are apparently "exploring additional strategic alternatives" to its ongoing turnaround attempts, which could lead to others acquiring parts of the business.

The announcement of an "aggressive strategic plan to simplify the company" advises it will close offices in Dubai, Mexico City, Buenos Aires, Madrid, and Milan by the end of this year, reports TechCrunch. The mass layoffs are believed to provide short term operating expense savings of $400 million annually, and will leave the company with approximately 9,000 employees and fewer than 1,000 contractors. This will in theory mean it will have a workforce that is "roughly 42 percent smaller" than it had in 2012.

The plan to become more efficient with its resources and simplify the business will also involve the closure of "legacy products" that have not met Yahoo's growth expectations, including its Games and Smart TV arms. It will continue to "counterbalance legacy business declines" with more of a focus on mobile and to grow user engagement, which it will do by investing more in Tumblr as well as Yahoo digital content strongholds, including News, Sports, Finance, and Lifestyle verticals. Investments will also be made in Yahoo Mail to make it faster and more reliable.

"We're announcing a strategic plan that we strongly believe will enable us to accelerate Yahoo's transformation," declared Mayer. "This is a strong plan calling for bold shifts in products and in resources. We are extremely proud of the billion dollar plus business we have built in mobile, video, native, and social." The new plan is intended to "dramatically brighten our future and improve our competitiveness and attractiveness to users, advertisers, and partners."

Chairman of the board, Maynard Webb, claims the board is "committed to the turnaround efforts," but it believes "exploring additional strategic alternatives, in parallel to the execution of the management plan, is in the best interest of our shareholders." The ongoing Alibaba spin-off plan is still a "primary focus" and the "most direct path to value maximization," but the board will also "explore non-strategic asset divestitures that, if consummated, could generate in excess of $1 billion in cash."

For the quarter, Yahoo brought in $1.27 billion in revenue and $63 million in profit. Despite the profit, it is noted the company still reported a net loss of $4.36 billion for the entire year, which includes a "goodwill impairment" charge of $4.46 billion.

[gskibum3]

I'm one that hates installing iOS apps to access info that can easily be obtained via a web page, whether it is a page designed for mobile or not.

The idiots at Yahoo! insist I install an app to access stock market data. Thus I don't use their dumb app and find the info from other services.

[Flying Meat]

But no compensation cuts at the executive level, I'll bet.

[DiabloConQueso]

They're closing entire branches (Dubai, Mexico City, Buenos Aires, Madrid, and Milan), so yes, those executives in those localities, unless they're being moved to the USA (which I doubt), will have their compensation cut drastically... like, 100%.

[Flying Meat]

Put simply, those executives are not who I'm talking about. But thanks.