TechCrunch

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Last Checked Feb. 15, 2023

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Thu Feb 09 19:03:44 +0000 2023

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TechCrunch @TechCrunch

Employees were notified on Thursday that 12% of the company (1,000 employees) would be laid off before the end of the day. In six months, another 8% — or 600 people — will be let go. These cuts will impact around half of Yahoo’s ad tech business. — PolitiTweet.org

Posted Feb. 9, 2023

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TechCrunch @TechCrunch

🚨 Breaking News: #Yahoo announced they will lay off 20% of staff, or 1600 people https://t.co/8iIHjWaaRG — PolitiTweet.org

Posted Feb. 9, 2023

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TechCrunch @TechCrunch

Yahoo CEO Jim Lanzone said that these layoffs are not a result of economic issues, but rather, they are intentional changes to strengthen the unprofitable Yahoo for Business advertising unit. As a whole, Yahoo is profitable, earning around $8 billion in yearly revenue. — PolitiTweet.org

Posted Feb. 9, 2023