Employees working in Yahoo were told that 12 percent of the company ie one thousand employees would be shown the way out of the company and in the next 6 months the company would lay off the remaining eight percent i.e. 600 people.
Layoffs are underway at Yahoo Inc. It is being told that the company can fire more than 20 percent of the employees. Reports claim that the company is planning this as part of a major restructuring of its ad tech unit.
More than 1,600 people will be affected
If reports are to be believed, the company may exit more than 20% of its total workforce from this unit. According to the report, the cuts will affect more than 50% of Yahoo’s Ad Tech employees. This will affect more than 1,600 people.
First one thousand employees will be affected
Earlier on Thursday, the employees working in Yahoo were told that 12 percent of the company i.e. one thousand employees will be shown the way out of the company and in the next 6 months the company will lay off the remaining eight percent i.e. 600 people. In an interview, Yahoo’s CEO said that the decision to lay off was not a result of economic issues.
Retrenchment phase in Disney too
Earlier, the phase of retrenchment has also started in Disney, which has made its name in the world of entertainment. The company has decided to lay off seven thousand of its employees. Company’s CEO Bob Iger gave information about this. Bob has taken over as CEO only last year.
Many companies fired their employees
At the same time, many companies in America have thrown their employees out of job. On Wednesday itself, tech company Zoom had announced the removal of 1300 of its employees. On Monday, Dell had announced the removal of more than six thousand of its employees.
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