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Posted on 02/09/2023 4:27:59 PM PST by george76
Yahoo plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech unit, executives told Axios. The cuts will impact more than 50% of Yahoo's ad tech employees — more than 1,600 people.
Why it matters: The changes will end Yahoo’s years-long effort to compete directly with Google and Meta for digital advertising dominance.
Driving the news: In an interview, Yahoo CEO Jim Lanzone stressed that the layoffs are not attributable to financial challenges, but rather, strategic changes to the company's Yahoo for Business advertising unit, which is not profitable.
These changes will be "tremendously beneficial for the profitability of Yahoo overall," he said, which will allow the company "to go on offense" and invest more in other parts of its business that are profitable.
Getting rid of their comment section during the pandemic and 2000 election made me swear off them. I can’t be the only one.
Learn to code you propagandists.
1) Destroy print newspapers and magazines. Lay off delivery truck drivers, advertising staff, circulation staff, printing workers, paper suppliers and more.
2) Now destroy online.
3) Uh.........
Yahoo? Are they still around? I thought they went the way of Netscape and Blockbuster.
Learn to drill for oil and gas.
Bet they are happy this has happened during the best economy ever
Many articles allow comments again.
"We're not doing this for financial reasons, we're doing it because we're not profitable."
See the difference? Yeah, me neither.
I swore off of them LONG ago....only use them for my mail as I established it in the 90’s....nothing but ABC news and liberal dogma. They by rights should have been the dominant one for as long as they have been around but “go woke go broke.”
I bail on sites that turn off comments. Daily Mail is doing a version of this....taking money from disgusting ‘entertainers’ or some pols, but no comments. I’m about done with that.
I used Yahoo when it was on the Stanford Akebono server.
Jerry Yang sold out.
My Yahoo account got hacked like 3 times several years ago, so I kissed them goodbye!
ChatGPT just got them fired.
Yahoo has slowly brought back comments, but on a limited basis. Still highly policed for too much truth.
Once upon a time Yahoo was a great search engine and was a high flyer, then came Google and it has been a slow slide down.
They need to shrink their hidden tracker and data mining dept.
Yahoo is now a joke. When they ended comments they changed to the dark side.
YAHOO!!
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