Yahoo announces layoffs of 20 percent of staff by end of 2023 ...Middle East

The Hill - Technology

Yahoo has announced plans to lay off more than 20 percent of its staff by the end of the year as it conducts a restructuring of its ad tech unit, multiple outlets reported. Axios was the first to report the layoffs. Yahoo CEO Jim Lanzone told the outlet the layoffs are not a result of financial difficulties but instead strategic changes to the advertising unit, which has not been profitable. The layoffs will affect more than 1,600 employees in advertising technology, equal to more than half of the unit. Lanzone told Axios that the changes will be “tremendously beneficial for the profitability” of Yahoo, allowing it to invest more heavily in other parts of the company that are

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Last updated : 10 February 2023 clock 08:36 PM

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Yahoo announces layoffs of 20 percent of staff by end of 2023 ...Middle East

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