Yahoo To Layoff More Than 20% Of Staff: Report

Yahoo is planning to lay off more than 20% of its total workforce.

California:

 Yahoo Inc plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, Axios reported on Thursday, citing company executives.

The cuts will impact more than 50% of Yahoo’s ad tech employees — more than 1,600 people, according to the report.

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