Yahoo announced that the layoff of more than 20 percent of its workforce by the end of 2023. The tech company said it would eliminate 1,000 positions by the end of this week, the company said in a statement on Feb. 9.
A total of more than 1,600 employees are expected lose their jobs in these latest cuts, which suggests that the company’s current staff levels are closer to 8,000, Axios reported.
