Yahoo 2015 Annual Report Download - page 16

Employees
As of December 31, 2015, we had approximately 10,400 full-time employees and 860 contractors. In
February 2016, we announced plans to reduce our workforce by approximately 15 percent by the end
of 2016. Our future success is substantially dependent on the performance of our senior management
and key technical personnel, as well as our continuing ability to attract, maintain the caliber of, and
retain highly qualified technical, executive, and managerial personnel. We remain committed to our
talented employees and providing the best possible workplace culture for them. Additional
information regarding certain risks related to our employees is included in Part I, Item 1A “Risk
Factors” of this Annual Report on Form 10-K and is incorporated herein by reference.
Available Information
Our website is located at https://www.yahoo.com. Our investor relations website is located at
https://investor.yahoo.net. We make available free of charge on our investor relations website under
“Financial Info” our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports
on Form 8-K, and any amendments to those reports as soon as reasonably practicable after we
electronically file or furnish such materials to the U.S. Securities and Exchange Commission (“SEC”).
The SEC maintains a website that contains reports, proxy and information statements, and other
information regarding our filings at http://www.sec.gov.
Item 1A. Risk Factors
We face significant competition for users, advertisers, publishers, developers, and distributors.
We face significant competition from online search engines, sites offering integrated internet
products and services, social media and networking sites, ecommerce sites, companies providing
analytics, monetization and marketing tools for mobile and desktop developers, and digital,
broadcast and print media. In a number of international markets, especially those in Asia, Europe, the
Middle East and Latin America, we face substantial competition from local Internet service providers
and other entities that offer search, communications, and other commercial services.
Several of our competitors offer an integrated variety of Internet products, advertising services,
technologies, online services and content in a manner similar to Yahoo. We compete against these
and other companies to attract and retain users, advertisers, developers, and third-party website
publishers as participants in our Affiliate network, and to obtain agreements with third parties to
promote or distribute our services. We also compete with social media and networking sites which
are increasingly used to communicate and share information, and which are attracting a substantial
and increasing share of users, users’ online time, and online advertising dollars.
A key element of our strategy is focusing on increasing our revenue growth through our Mavens
offerings. As part of this strategy, we are focusing on mobile products and mobile advertising
formats, as well as increasing our revenue from mobile. A number of our competitors have devoted
significant resources to the development of products, services and apps for mobile devices. Several
of our competitors have mobile revenue significantly greater than ours. If we are unable to develop
products for mobile devices that users find engaging and that help us grow our mobile revenue, our
competitive position, our financial condition and operating results could be harmed.
In addition, a number of competitors offer products, services and apps that directly compete for
users with our offerings, including e-mail, search, video, social, sports, news, finance, micro-blogging,
and messaging. Similarly, our competitors or other participants in the online advertising marketplace
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