Yahoo will cut 1,600 jobs in its advertising technology division IT giant Yahoo is planning to lay off around 20% of its staff, it was reported on Friday. The decision comes amid similar redundancies at other Big Tech companies. The cuts concern Yahoo’s ad tech division and will affect more than half of the department, CEO Jim Lanzone confirmed to Axios. He claimed the decision was “tremendously beneficial for profitability” and was not motivated by financial concerns. “The moves are meant to simplify and strengthen the good parts of the business, while sunsetting the rest,” Lanzone added. Yahoo was once a househo
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