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.
Photographer: David Paul Morris/Bloomberg

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By Lucy Papachristou

February 9, 2023 at 8:02 PM UTC

Updated on

February 9, 2023 at 9:21 PM UTC

This article is for subscribers only.

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.