Yahoo announces first round of layoffs

Yahoo announces first round of layoffs

Yahoo Inc announced that it will to lay off more 100 employees. Recently yahoo announced to lay off more than 1500 people. The affected employees are expected to receive 2 months notice period of the move. The layoffs were spread across a range of departments and job titles. Yahoo CEO Mayor announced that it will cut roughly 15% of its workforce as part of a strategy to revamp its core internet business. At present, Yahoo had about 11,000 employees as of June 30.

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