{"id":1841997,"date":"2023-02-10T08:51:02","date_gmt":"2023-02-10T13:51:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1841997"},"modified":"2023-02-10T08:52:23","modified_gmt":"2023-02-10T13:52:23","slug":"yahoo-to-lay-off-20-of-staff-by-year-end","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yahoo-to-lay-off-20-of-staff-by-year-end\/","title":{"rendered":"Yahoo to Lay Off 20% of Staff by Year-End"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fyahoo-to-lay-off-20-of-staff-by-year-end%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1841997&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div class=\"TopBanner-container\" data-top-banner-placeholder=\"true\"><\/div>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div class=\"RenderKeyPoints-keyPoints\" id=\"RegularArticle-KeyPoints-4\" data-test=\"keyPoints-1\" data-analytics=\"RegularArticle-keyPoints-4-1\">\n<div class=\"RenderKeyPoints-wrapper\">\n<div class=\"RenderKeyPoints-list\">\n<div>\n<div class=\"group\">\n<ul>\n<li>Yahoo will layoff more than 20% of its staff (roughly 1,600 workers) and the Yahoo for Business unit will be slashed by half.<\/li>\n<li>According to the company, approximately 1,000 of these cuts would be made by the end of this week.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-articleBody\" id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-104203853\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<div class=\"InlineImage-imageEmbedCredit\">Noah Berger | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Yahoo announced Thursday that it will reduce its workforce by more than 20% by 2023 and eliminate 1,000 jobs this week.<\/p>\n<p>Private equity firm <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/APO\/\">Apollo Global Management<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> <a href=\"https:\/\/www.cnbc.com\/2021\/08\/25\/verizon-media-leadership-in-doubt-ahead-of-apollo-acquisition-on-sept-1.html\">Purchased 90%<\/a> Yahoo! <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\"><a href=\"https:\/\/www.cnbc.com\/quotes\/VZ\/\">Verizon<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span> September 2021. According to PitchBook data, the company employed approximately 10,000 people at that time.<\/p>\n<div class=\"ExclusiveContentBucket-exclusiveContentBucket\">\n<h2 class=\"ExclusiveContentBucket-exclusiveContentHeading\">Similar investing news<\/h2>\n<div class=\"ExclusiveContentBucket-contentContainer\">\n<div class=\"BucketItem-bucketItem\">\n<div class=\"BucketItem-bucketImageContainer\"><img decoding=\"async\" class=\"BucketItem-bucketImage BucketItem-investingClubItem\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/02\/106281144-1575573559393gettyimages-1177955005-scaled.jpeg\" alt=\"Iger&#039;s on track to bring back the magic at Disney \u2014 allowing the stock to soar\"   style=\"display:none\"><\/p>\n<div class=\"BucketItem-investingClubPillContainer\"><a href=\"https:\/\/www.cnbc.com\/investingclub\/\" class=\"InvestingClubPill-investingClubPillLink\" data-type=\"investing-club-button\"><img decoding=\"async\" class=\"BucketItem-investingClubPill InvestingClubPill-investingClubPill\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/b0b683565c27c5457864.svg\" alt=\"CNBC Investing Club\" \/><\/a><\/div>\n<\/div>\n<div class=\"BucketItem-textContainer BucketItem-icTextContainer\">\n<div class=\"BucketItem-bylineContainer\">\n<div class=\"BucketItem-publishTime\">an hour ago<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Axios <a href=\"https:\/\/www.axios.com\/2023\/02\/09\/yahoo-layoffs-2023-tech-media-companies\" target=\"_blank\" rel=\"noopener\">reported<\/a> More than 1,600 workers will lose their jobs as a result of the recent cuts. This suggests that the company&#8217;s current head count may be closer to 8,000.<\/p>\n<p>These layoffs are part a larger effort by Yahoo to streamline its advertising unit operations. Strategy for Yahoo for Business &#8220;struggled to live up to our high standards across the entire stack,&#8221; According to a Yahoo spokesperson.<\/p>\n<p>&#8220;Given the new focus of the new Yahoo Advertising group, we will reduce the workforce of the former Yahoo for Business division by nearly 50% by the end of 2023,&#8221; CNBC spoke with a Yahoo spokesperson.<\/p>\n<p>Yahoo stated that it would focus its efforts on its 30-year partnership with Yahoo <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\"><a href=\"https:\/\/www.cnbc.com\/quotes\/TBLA\/\">Taboola<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\"><\/span><\/button><\/span><\/span><\/span>To satisfy your ad needs, you can use, a digital advertisement company.<\/p>\n<p>&#8220;These decisions are never easy, but we believe these changes will simplify and strengthen our advertising business for the long run, while enabling Yahoo to deliver better value to our customers and partners,&#8221; According to Yahoo spokesperson<\/p>\n<p>CNBC was informed by a Yahoo spokesperson, that the company would provide severance package to domestic workers who have lost jobs. Yahoo did not provide any details about the value or size of the severance package.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107054530\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107054530\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000244582\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107054531-16515000441651500039-22924474343-1080pnbcnews.jpg?v=1651500043&#038;w=750&#038;h=422&#038;vtcrop=y\" alt=\"Watch CNBC&#039;s full interview with Apollo Global Management CEO Marc Rowan\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"WatchLiveRightRail-inline WatchLiveRightRail-container\" id=\"RegularArticle-WatchLiveRightRail-7\" data-test=\"watchLiveRightRail-4\" data-analytics=\"RegularArticle-watchLiveRightRail-7-4\">\n<div class=\"WatchLiveRightRail-contents\"><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButton\">WATCH LIVE<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/4db8932b7ac3e84e3f64.svg\" class=\"WatchLiveRightRail-logo\" alt=\"logo\" \/><\/a><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButtonMobile\">WATCH IN THE APK<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\"><\/div>\n<div class=\"PageBuilder-col-12 PageBuilder-col PageBuilder-article\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo will layoff more than 20% of its staff (roughly 1,600 workers) and the Yahoo for Business unit will be slashed by half. According to the company, approximately 1,000 of these cuts would be made by the end of this week. Noah Berger | Bloomberg | Getty Images Yahoo announced Thursday that it will reduce &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1842000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[15845,11456,8037,6606,18265],"class_list":["post-1841997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-lay","tag-11456","tag-staff","tag-yahoo","tag-year-end"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1841997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1841997"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1841997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1842000"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1841997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1841997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1841997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}