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1600 employees fired at Yahoo…

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Photo illustration by Jakub Porzycki/NurPhoto via Getty Images Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios. The cuts will impact more than 50% of Yahoo's ad tech employees — more than 1,600 people. Why it matters: The changes will end Yahoo’s years-long effort to compete directly with Google and Meta for digital advertising dominance. Driving the news: In an interview, Yahoo CEO Jim Lanzone stressed that the layoffs are not attributable to financial challenges, but rather, strategic changes to the company's Yahoo...
Source: https://www.axios.com/2023/02/09/yahoo-layoffs-2023-tech-media-companies