Yahoo: Yahoo, based in Sunnyvale, California, said it plans to lay off about 1,500 employees and exit five offices in Dubai, Mexico City, Buenos Aires, Madrid and Milan, according to Xinhua China. By the end of 2016, the company expects to have approximately 9,000 employees and fewer than 1,000 contractors. The announcement came as the company released its fourth-quarter report, which shows a loss of 4.4 billion U.S. dollars. It represents a workforce 42 percent smaller than it was in 2012, and save 400 million dollars annually, the company said. For consumer products, the silicon-valley company will have three global platforms -- search business, mail and Tumblr blogging site. It will also simplify its product portfolio to focus on the products that distinguish the company competitively.
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