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Yahoo cut jobs and plan assets sale in non-core asset

The CFO of Yahoo, Ken Goldman reported that Yahoo is exploring the sale of $1-3 billion of 'non core assets'. The company will cut 1650 jobs. The company has made a revenue of $1.27 billion in revenue, hence making a profit of just $63 million.

The Chief Executive of the company, Marissa Mayer, reports that her plan to run yahoo as a smaller company with concentrated attention will pave way for a brighter future.

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