Yahoo has publicly announced the sale of its operations. However, the appeal of Yahoo is not improving and the values are forecast to deteriorate. With the losing revenues, buyers on the bidding spree such as Verizon Communication, and The Daily Mail might have apprehensions for the buy out.
According to a report rendered by CBS SF Bay Area, "On Tuesday, the company posted a first quarter loss on a sharp drop in net revenue, a figure that subtracts ad commissions from total turnover and Yahoo's net revenue fell 18 percent from year-earlier period to $859 million."
The loss of revenues is causing much burden and woes for Yahoo. As the data indicated, it is one of the largest declines for Yahoo's quarterly net revenue and workers loss as well. A big chunk of the loss stemmed from the cost of laying off about 1,000 workers during the quarter, a cut that chopped the company's workforce to 9,400 employees as of March, according to the same post.
Meanwhile as the bid faces uncertainty, Verizon Communications and The Daily Mail has affirmed their intentions on joining the buying spree. In terms of value, Yahoo's Internet operations ranges between $4 billion to $10 billion and the properties under Yahoo's empire consists of email service, digital advertising tools along with its popular finance and sports sites. On a different note, Yahoo is not the only struggling company in this era nor is it alone in sacking employees because even Fiat has formerly sacked employees as well, reports Jobs & Hire.
If the sale would not persist for Yahoo, Mayer and the stakeholders could be ousted if the company fails to sell and its financial woes prolong to worsen.
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