Home
Internet
Internet News
Yahoo Expects Employee Count, Revenue to Fall in 2016: Report

Yahoo Expects Employee Count, Revenue to Fall in 2016: Report

By Reuters | Updated: 7 April 2016 10:35 IST

Yahoo Inc expects a sharp decline in both its revenue and earnings this year compared with 2015, with revenue seen falling nearly 15 percent and earnings over 20 percent, Re/code reported on Wednesday, citing a Yahoo document.

The financial situation at the Internet company is becoming "increasingly dire," Re/code said, citing pages from the "book" of disclosure documents that Yahoo bankers have given out to prospective buyers.

A Yahoo spokesperson declined comment on the report.

Yahoo also expects its employee count to fall to about 9,000 at the end of 2016, from 10,500 in 2015, but stock-based compensation remains steady, the technology news website said.

The company expects 2016 revenue, backing out traffic acquisition costs, of $3.5 billion (roughly Rs. 4,88,761 crores) in 2016 and earnings before depreciation, taxes and amortization of $750 million (roughly Rs. 4,987 crores), Re/code said.

© Thomson Reuters 2016

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.