Yahoo to lay off more than 20% of staff - Axios

FILE PHOTO: Yahoo Mail logo is displayed on a smartphone’s screen in front of a code in this illustration taken in October 6, 2016. REUTERS/Dado Ruvic

10 Feb 2023 02:38AM (Updated: 10 Feb 2023 02:38AM)

Yahoo Inc plans to lay off more than 20 per cent of its total workforce as part of a major restructuring of its ad tech unit, Axios reported on Thursday, citing company executives.

The cuts will impact more than 50 per cent of Yahoo’s ad tech employees — more than 1,600 people, according to the report.

Also worth reading