posted at 17:00
Author Name: Nicholas Carlson
WSJ: Marissa Mayer To Announce Refreshed" Plan For Yahoo On Tuesday
TechCrunchDouglas 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. 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. Mayer will promise to do fewer for them - in favor of larger acquisitions that might be able to help grow Yahoo revenues. "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.

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