Tech layoffs: Yahoo plans to reduce its workforce by 20% in order to reorganize its ad technology group.
As part of its effort to significantly restructure its ad tech sector, Yahoo said that it will be eliminating more than 20% of its whole workforce.
Apollo Global Management, a private equity group, acquired the business in 2021 after purchasing Yahoo for $5 billion.
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This year, a number of businesses, including
Amazon
and Google, have let go of thousands of employees. Yahoo is the latest in this long line.
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