Yahoo shares tumbled Wednesday in a sign that investors were skeptical about the faded Internet star's latest plan to return to glory.
Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.
Embattled Internet pioneer Yahoo will announce job cuts when it releases its quarterly earnings report on Tuesday, according to a report in The Wall Street Journal.
Employees in Europe will have to think twice about using the Internet to send private messages during office hours after Europe's top rights court ruled Tuesday that companies could monitor workers' online communications.
A big Yahoo investor is asking for a leadership change at the beleaguered company and pushing for the spinoff of its core Internet business.
An investment fund with a stake in Yahoo called Monday for the struggling Internet firm to slash more than 80 percent of its workforce and replace chief executive Marissa Mayer.
Yahoo CEO Marissa Mayer has followed a major business announcement with some big personal news.
She is one of the biggest stars in Silicon Valley, but multimillionaire chief executive Marissa Mayer has her hands full trying to revive the fortunes of faded Internet pioneer Yahoo.
Among the best-known names on the Internet, Yahoo was one of the first companies that enabled users to find their way online, but it has lost its role as a leader.
Yahoo's long-running identity crisis is spiraling in a new direction now that the company is abandoning a year's work on a tax-dodging spinoff to pursue an alternative path that will carve off its Internet business instead.