These cuts will predominantly be made to the company's ad tech employees, with 1,000 workers already being shown the door on Thursday, and a further 600 employees facing the same fate in six months' time."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" - Yahoo Spokesperson
With the US web service provider generating a healthy $8 billion per annum in profits, Yahoo's CEO, Jim Lazone, maintains that this decision was not borne out of financial hardships.
With the US web service provider generating a healthy $8 billion per annum in profits, Yahoo's CEO, Jim Lazone, maintains that this decision was not borne out of financial hardships.
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