Yahoo to lay off 20% of its workforce | CNN Business

A Yahoo spokesperson told CNN that the company’s legacy ad tech division, Yahoo for Business, will be overhauled and transformed into a new division called Yahoo Advertising. As part of that change, Yahoo plans to cut nearly 50% of the division this year, “including nearly 1,000 employees this week,” the spokesperson said.

Yahoo CEO Jim Lanzone told Axios in an interview that these changes will be “tremendously beneficial for the profitability of Yahoo overall,” and will allow the company “to go on offense” and invest more in other parts of its business that are profitable. The announcement comes as a growing number of tech and media companies are cutting costs to adjust to a pullback in digital advertising spend amid broader uncertainty in the global economy.

Yahoo was passed by google.ChatGp is threatening to........

Here we go. Keyboard workers forced to actually get a job and go to the job and work standing up. This will be a major challenge for millions. Oh the trauma. 🤣

Who's using Yahoo yet?

Amazing is Yahoo working still

But the jobs market is growing under Biden. 🤡 StateOfTheUnionAddress

Well at least there are plenty of available jobs .

Who still uses Yahoo?

I didn’t know they still existed…

YaWho?

Where is SamanYasin? Saman Yasin, a rapper from Kermanshah and one of the people arrested during IranRevolution in Tehran, was transferred to an unknown place from Rajaei prison in Karaj, Saturday 28th of January IRGCterrorists ..

I didn't know Yahoo is still in business, what are they selling?

Biden strikes again!!!

Yahoo? Still exists?

The tech industry is sliding down a slippery slope of cheaper alternatives. Cheap to make (YouTube, Instagram influencers etc.) They need to adapt to survive and are struggling to do that. Young people (future adults) want content, they don’t want to pay for it. Problem? Yup.

'Layoffs will commence as soon as they finish writing one more glowing article on what a great job Joe Biden is doing with the economy...'

It's ok Joe Biden has created 12 million jobs . Biden the best president ever. 🤪

Wouldn’t happen if a republican were president

Trump said once he's gone expect the media to crumble

Whats that, 10 people?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed Chair Powell: Inflation fight will take 'a significant period of time' | CNN BusinessThe US labor market remains 'extraordinarily strong' and Friday's monster jobs report underscored that the central bank has more work to do to bring down inflation, Federal Reserve Chairman Jerome Powell said Tuesday. How about people don’t spend more than they can afford. That’s not everyone else’s problem to bail out people that can’t be responsible Of course they'll raise it. They'll milk it a bit first. They want to run in and save us.
Source: CNN - 🏆 4. / 95 Read more »

Pete Davidson got people to eat breakfast at Taco Bell | CNN BusinessBreakfast at Taco Bell has been saved -- and the chain has Pete Davidson to thank. That breakfast Crunchwrap is super fire tho can’t lie. But no I didn’t not go because of Pete Davidson. It was actually because of PFTCommenter and his glowing review on PardonMyTake or MacrodosingPod buttholeeyes You should hire this loser to replace the Don Limon Loser
Source: CNN - 🏆 4. / 95 Read more »