Major Yahoo Layoffs Cuts More Than 20% Workforce

Yahoo Announces Massive Layoffs Over 20% of Staff to Lose Jobs

1. Yahoo to lay off more than 20% of its workforce.

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2. This is considered as part of restructuring of ad tech division.

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3. Nearly 50% of ad tech employees will be impacted.

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4. Which also include nearly 1,000 employees this week.

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5. The layoffs will enable the company to narrow its focus and investment on its flagship.

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6. Advertisers have pared back their marketing budgets.

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7. Due to record-high inflation rates and recession uncertainty.

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[{"selector":"#anim-69da0c22-48a1-4336-bbee-918c166a151f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-8.33333333333333%, 0, 0) translate(8.333333333333332%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] 8. Many U.S. companies, including Goldman Sachs and Alphabet, have laid off thousands this year. Learn more

9. Due to demand downturn caused by high inflation and rising interest rates.

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10. Yahoo is owned by private equity firm Apollo Global Management since a $5 billion buyout in 2021.

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11. There are many layoffs seen in Amazon, Microsoft, and Dell.

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