Layoff Tracker: Brutal news from Amazon
plans to cut more than half of its Yahoo For Business division by the end of the year, affecting more thanthe cuts will “simplify and strengthen our advertising business,” which has been “not profitable and struggled to live up to our high standards.
the move comes as the company is “confronting a major shift in the post-pandemic economy” due to high inflation, recession fears and low consumer demand., which is owned by Microsoft, announced it is laying off 10% of its workforce—roughly 300 of its 3,000 employees—officials confirmed tothe move is part of a “budgetary realignment” intended to preserve the “health of our business in the short term”).
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