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Yahoo has been under pressure from investors over its failed turnaround and costly media investments for months.

Pressure intensified late last year when it became clear that plans to spin off the company’s Alibaba assets may incur a huge tax penalty.

Earlier this week, the company decided to rid itself of a high-profile media property by shuttering its video service Yahoo Screen.

Now that we have a buyer for Yahoo — Verizon — you may wonder what's next for Yahoo CEO Marissa Mayer. Continue on as Yahoo CEO to help with the transition, helping join Yahoo with AOL as a mobile and online brand under the telecommunications giant's umbrella.

Activist investors pressed the company to abandon the spin-off plans and instead sell its core internet business, and Yahoo’s board eventually decided to just that before the end of the year.

Layoffs are part of getting those assets in shape for potential acquirers, as are decisions to kill projects that just didn’t work.

Further layoffs at Yahoo seemed all but inevitable ever since the company announced plans to sell its core assents in December.

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The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks."For the immediate future that means I have two priorities: obviously, seeing this transaction through to closing and also protecting the value in our equity stakes."A key objective in Yahoo's (YHOO) sale to Verizon (VZ) for .8 billion is to separate the core web business from two other valuable assets: Yahoo's 15% stake in Chinese retailing giant Alibaba (BABA), worth billion, and its 36% stake in Yahoo Japan, worth about billion.

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