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Yahoo Will Eliminate 1,000 Jobs in Latest Tech Workforce Cuts

  • Bulk of cuts will come as company restructures ad tech unit
  • CEO says Yahoo still hiring ‘aggressively’ for other roles
Yahoo! headquarters in Sunnyvale, California.

Yahoo! headquarters in Sunnyvale, California.

Photographer: David Paul Morris/Bloomberg
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Yahoo Inc. will eliminate about 1,000 jobs beginning this week, or roughly 12% of its employees, 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, owned by Apollo Global Management Inc., plans to reduce headcount at its Yahoo for Business ad tech unit by almost 50% by the end of 2023, or more than 20% of the workforce at Yahoo, a company spokesperson said.