Yahoo will lay off 15 percent of its workers

Unemployment - Public Domain

Yahoo said it will cut 15% of its headcount, while exploring “strategic alternatives” in parallel, in a move aimed at cutting costs and calming investors.

Yahoo said the job cuts are part of a four-point “strategic plan for growth” that will streamline its product offerings and initatives and which Yahoo said should return the company “modest and accelerating growth” in 2017 and 2018.

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