By the endnt of the week, about 1,000 workers are anticipated to lose their employme.
Yahoo announced in an email that it would be cutting more than 20% of its staff by the end of the year. Approximately 1,000 jobs are expected to be lost by this coming week’s end, according to a Yahoo official.
The representative told CNET that these choices are never simple. In the long run, we think these adjustments will enable Yahoo to offer its customers and business partners more value while also streamlining and improving our advertising business.
Yahoo for Business, Yahoo’s ad tech division, will lay off about 50% of its workforce. 
Axios first reported on the layoffs when they met with Jim Lanzone, CEO of Yahoo. He promised Axios that Yahoo will continue to work in the advertising industry and that the business plans to increase the number of employees in a particular area of its demand-side platform or DSP. According to the article, Yahoo’s DSP aids advertisers in purchasing advertising across many publisher websites.
Yahoo’s DSP earns “billions in income,” Lanzone told Axios. According to a November article in the journal, Yahoo generates around $8 billion in revenue annually.
Along with other IT companies like Zoom, Dell, and IBM, Yahoo is the most recent to announce layoffs. Disney announced on Wednesday that it would reduce its staff by around 7,000 employees.
See how many positions Amazon, Meta, and Google just eliminated for more information.
