Yahoo to lay off 20% of staff by year-end, beginning this week
Publishing timestamp: 2023-02-09 15:02:52
Summary
Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1000 positions this week alone. The layoffs are part of a broader effort to streamline operations in Yahoo's advertising unit. The company will shift its efforts to its 30-year partnership with Taboola, a digital advertising company. It is not yet clear what benefits or severance laid-off employees will receive.
Sentiment: NEGATIVE
Keywords: verizon communications inc, technology, fintech, taboola.com, business news, investment strategy, apollo global management inc,
Source: https://www.cnbc.com/2023/02/09/yahoo-will-lay-off-nearly-1000-employees-by-end-of-2023.html