Yahoo filing reveals charges expected for layoffs, Polyvore purchase price, more

Yahoo is under increasing investor pressure, is cutting jobs and could be up for sale — so we scrolled through its 10-K filing with the SEC on Monday and present you with a few tidbits that might interest you,.

• The Sunnyvale company earlier this month announced it would be laying off 15 percent of its workforce, or about 1,700 jobs. In this morning’s filing, Yahoo said charges associated with those cuts would amount to $64 million to $78 million, including $40 million to $48 million for severance pay and related cash expenditures. The other charges are related to closing offices in Dubai, Mexico City, Burbank and elsewhere.

• Yahoo bought Polyvore, a social-shopping platform, last year for an unknown amount. The price, according to today’s filing, was $161 million. As the Mercury News wrote last year, the Polyvore purchase, which the company says it’s still “integrating,” is meant to get Yahoo to take advantage of buy buttons. As people buy stuff online, Yahoo can take a cut.

• Yahoo revenue in 2015: 84 percent of it came from search and display ads.

• And speaking of revenue, the company has released the offer letter it sent Lisa Utzschneider when it hired her away from Amazon in 2014. She was promoted to chief revenue officer in 2015, which is why Yahoo has had to release the offer letter. The details: She was offered $600,000 salary, a $1 million sign-on bonus, stock grants with a total target valuation of $16 million. As for what she’s making in her new position, we’ll have to wait for another Yahoo filing that includes executive compensation.

 

Photo: Yahoo headquarters in Sunnyvale on Tuesday, Jan. 20, 2015. (LiPo Ching/Bay Area News Group)

 

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  • sanoran_t

    Polyvore rhymes with Poly?hore 🙂

 
 
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