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It's a giant, money-losing company with a lot of assets, tons of employees and lots of major costs.
Mayer has come under fire for some of these expenses, particularly lavish holiday parties. Mayer announced during four-quarter earnings that the company will be laying off around 1,700 people, or 15% of its overall workforce. Major acquisitions like Tumblr have flopped while internal efforts have yielded few big wins.
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