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Yahoo Cuts 2,000 Jobs To Reduce Costs In Turnaround Effort-Bloomberg

|Includes: Altaba, Inc. (AABA)

Yahoo (YHOO) CEO Scott Thompson is making the tough decisions that must be made if efforts to turnaround Yahoo are going to be successful. Yahoo is a company with excellent assets but no growth in their core businesses of display advertising and search. I'm anxious to learn more about Thompson's plan to more effectively grow revenues. It's an interesting opportunity because the Asian assets provide a margin of safety, so that you have tremendous upside if he can turn things around, and you shouldn't lose much if they fail.

http://www.bloomberg.com/news/2012-04-04/yahoo-cuts-2-000-jobs-to-reduce-costs-in-turnaround-effort-1-.html