#Yahoo layoffs

Both 2022 and the first half of 2023 have seen several layoffs and job cuts in the tech industry. While layoffs and job cuts in any industry are not unexpected (especially with global inflation and a looming recession), what makes these tech layoffs so shocking is the fact that they have happened not just to smaller tech startups or tech businesses, but also to the biggest tech companies in the world. Big Tech Layoffs of 2022-2023 Google / Alphabet Inc. Yahoo The layoffs also didn't spare multinational tech company Yahoo, as they also decided to let go of around 1,700 employees (which amounts to 20% of its current workforce) early this year. The job cuts within Yahoo were allegedly due to their business ad tech unit underperforming in terms of profit and expectations. He, however, admitted that he "was too ambitious in investing ahead of [Spotify's] revenue growth," pinpointing it as the main reason for the layoffs. Pinterest Image-sharing social media platform Pinterest also announced layoffs of around 150 people this February (less than 5% of its workforce). The number of positions concerned in this round of layoffs was not disclosed by the company. Read more in our articles including "Big Tech Layoffs of 2022-2023" and "More layoffs as both Disney and Yahoo announce significant job cuts".