According to TechCrunch, Yahoo CEO Marissa Mayer will resign from her position following Verizon’s upcoming purchase of the company.
The company will also change its name to Altaba, following numerous controversies over the past few years, which included the hack and consequential leak of over 1 billion user account details.
Mayer’s tenure has been controversial, with the CEO facing a lawsuit last year that claimed she had purposely purged male employees.
Last year, several employees of Tumblr, the popular micro-blogging platform owned by Yahoo, also claimed that Mayer’s company caused the decline of the social network.
In January 2016, Mayer also a faced backlash after making a joke to employees about the number of layoffs at the company.
“No layoffs… this week!” joked Mayer, in response to questions raised by concerned employees, making news headlines around the world.