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.
Support The Readers Bureau. Buy A T-Shirt Today (4 different colors)! click https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to info@thereadersbureau.com. Call us at 646-874-7976. SUBSCRIBE CLICK https://www.youtube.com/c/yvadbillingsreadersbureau
