© Reuters. FILE PHOTO: Yahoo Mail brand is displayed on a smartphone’s display in entrance of a code on this illustration taken in October 6, 2016. REUTERS/Dado Ruvic
(Reuters) – Yahoo Inc plans to lay off greater than 20% of its complete workforce as a part of a significant restructuring of its advert tech unit, Axios reported on Thursday, citing firm executives.
The cuts will affect greater than 50% of Yahoo’s advert tech staff — greater than 1,600 folks, in keeping with the report.
