Yahoo Set To Layoff Thousands Of Workers

Yahoo plans to lay off more than 20 percent of its total 8,600 workforce as part of a major restructuring.

The veteran tech company is reorganizing its advertising unit, which will lose more than half of its staff by the end of the year.

Nearly 1,000 employees will be affected by the cuts by the end of the week.

Yahoo is the latest tech firm to announce job losses as firms struggle with a downturn in demand, high inflation, and rising interest rates.

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Edited by Jesus Chan

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