{"id":1242817,"date":"2023-02-14T07:36:02","date_gmt":"2023-02-14T02:06:02","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1242817"},"modified":"2023-02-14T07:36:35","modified_gmt":"2023-02-14T02:06:35","slug":"yahoo-will-fire-1000-employees-12-workforce-to-be-axed-for-restructuring-ad-tech","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/yahoo-will-fire-1000-employees-12-workforce-to-be-axed-for-restructuring-ad-tech\/","title":{"rendered":"Yahoo Will Fire 1000 Employees: 12% Workforce To Be Axed For Restructuring Ad-Tech"},"content":{"rendered":"\n<p>Yahoo is cutting 1,000 jobs or roughly 12% of its employees.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Yahoo-India-1280x720-1-1024x576.jpeg\" alt=\"Yahoo Will Fire 1000 Employees: 12% Workforce To Be Axed For Restructuring Ad-Tech\" class=\"wp-image-1242825\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Yahoo-India-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Yahoo-India-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Yahoo-India-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/02\/Yahoo-India-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Grand scheme of things<\/strong><\/p>\n\n\n\n<p>This is the first round of cuts in a larger plan to restructure its advertising tech division amid a wave of layoffs in the industry.<\/p>\n\n\n\n<p>The company plans to shrink its workforce at its Yahoo for Business ad tech unit by nearly half by the end of this year.<\/p>\n\n\n\n<p>In other words, this is equal to over 20% of the company&#8217;s headcount.<\/p>\n\n\n\n<p><strong>CEO explains cuts<\/strong><\/p>\n\n\n\n<p>CEO Jim Lanzone said, \u201cThese changes announced today are entirely within the context of creating a better business plan for that division going forward.&#8221;<\/p>\n\n\n\n<p>He continued, &#8220;The company has taken many bites of the apple here in trying to make it work over the years, but as a standalone company we had to take a very honest view in how we apply our resources.\u201d<\/p>\n\n\n\n<p><strong>Going forward<\/strong><\/p>\n\n\n\n<p>Digital advertising providers have had to struggle due to hesitant customers who are concerned about the uncertain economic climate.&nbsp;<\/p>\n\n\n\n<p>Yahoo\u2019s restructuring will create a new division called Yahoo Advertising, which will focus ad sales teams on the company\u2019s properties, including Yahoo Finance, Yahoo News and Yahoo Sports.<\/p>\n\n\n\n<p><strong>Profits untouched, those laid off to be considered for other roles<\/strong><\/p>\n\n\n\n<p>However, Lanzone went on record to assure that the company is \u201cvery profitable&#8221; and that the&nbsp; job cuts had more to do with the division\u2019s restructuring than troubles in the ad market.<\/p>\n\n\n\n<p>\u201cWe would\u2019ve made these changes <a href=\"https:\/\/www.hindustantimes.com\/business\/yahoo-to-eliminate-1-000-jobs-in-latest-tech-workforce-cuts-101675979782666.html?utm_campaign=fullarticle&amp;utm_medium=referral&amp;utm_source=inshorts\">even <\/a>at the peak of the market,\u201d he said.<\/p>\n\n\n\n<p>Not just that, the company is \u201cstill hiring aggressively,\u201d and those affected by the job cuts will be considered for other roles within the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo is cutting 1,000 jobs or roughly 12% of its employees. Grand scheme of things This is the first round of cuts in a larger plan to restructure its advertising tech division amid a wave of layoffs in the industry. The company plans to shrink its workforce at its Yahoo for Business ad tech unit [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":1242825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[840,839],"class_list":["post-1242817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-tech-layoffs","tag-yahoo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yahoo Will Fire 1000 Employees: 12% Workforce To Be Axed For Restructuring Ad-Tech - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/yahoo-will-fire-1000-employees-12-workforce-to-be-axed-for-restructuring-ad-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yahoo Will Fire 1000 Employees: 12% Workforce To Be Axed For Restructuring Ad-Tech - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"Yahoo is cutting 1,000 jobs or roughly 12% of its employees. 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