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Economy

Yahoo to Cut 1,700 Workers as CEO Mayer Tries to Save Her Own Job

 

SAN FRANCISCO  — 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.

The long-anticipated purge announced Tuesday will jettison about 15 percent of Yahoo’s workforce along with an assortment of services that Mayer decided aren’t worth the time and money that the Internet company has been putting into them.

The overhaul probably represents Mayer’s last chance to persuade restless shareholders she has figured out how to revive Yahoo’s growth after 3 1/2 years of futility.

Yahoo’s revenue has been shrinking through most of Mayer’s reign, even though she has spent more than $3 billion on acquisitions and introducing features designed to bring in more traffic and sell more advertising.

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Pentagon Says More High-Tech Weapons Going to Ukraine

WASHINGTON — Nearly 50 defense leaders from around the world met Monday and agreed to send more advanced weapons to Ukraine, including a Harpoon launcher and missiles to protect its coast, Defense Secretary Lloyd Austin told reporters.

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