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| Economy |
| Yahoo to lay off 20% of its workers |
| 2023-02-10 |
| [10 News] Learn to EBT Yahoo announced on Thursday that it would cut 20% of its workforce by the end of the year. Axios first reported the news. The cuts to the company's total workforce are expected to impact about 1,600 people. Yahoo CEO Jim Lanzone said the cuts will be “tremendously beneficial for the profitability of Yahoo overall." Axios reported that Yahoo is profitable, and generates about $8 billion a year in revenue. A growing number of media and tech companies have been taking measures to cut costs as digital advertiser spending becomes more uncertain around the globe. |
| Posted by:Frank G |
| #8 The sheer inertia of zombie corporations is a form of AI in itself. Guess that depends on whether they are laying off cogs or HR blobfish. |
| Posted by: swksvolFF 2023-02-10 12:20 |
| #7 I still miss my old @att.worldnet.net email address. |
| Posted by: M. Murcek 2023-02-10 12:13 |
| #6 Verizon acquired yahoo in 2017 and still owns 10% the rest of yahoo is owned by a consortium of investment funds like a lot of companies they have tried hard to get a lot of their uses to subscribe to a premium service |
| Posted by: lord garth 2023-02-10 12:02 |
| #5 Honestly, I'm shocked there is still a Yahoo. |
| Posted by: Chris 2023-02-10 11:41 |
| #4 As someone who uses Yahoo mail accounts, I am shocked to find out they still have employees. |
| Posted by: ed in texas 2023-02-10 10:52 |
| #3 Who's the sad Biden voter then? |
| Posted by: Too Old To Work 2023-02-10 08:05 |
| #2 The sheer inertia of zombie corporations is a form of AI in itself. |
| Posted by: M. Murcek 2023-02-10 07:58 |
| #1 Is it the Global Economy or just that Automation (AI) is starting to run things w/o the 🤔 pronouns? |
| Posted by: NN2N1 2023-02-10 07:57 |