In Brazil, all 80 employees in Yahoo Business’ corporate and advertising division have already been laid off, with more expected to be cut by the end of the year.
Yet another major tech company announces mass layoffs, and if this happens, the cut will disrupt operations in Brazil. OR yahoo announced on Friday (10) that a global 20% decrease in the number of employees will lead to layoffs of 1,600 people by the end of 2023.
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In Brazil, all 80 employees in Yahoo Business’ corporate and advertising division have already been laid off, in fact, this is the area most affected by the company’s layoffs, with a 50% cut in total employees by the end of the year . The content sector that goes to the yahoo.com.br site is also expected to be extinguished in the country by early April.
“These decisions are never easy, but we believe the changes will simplify and strengthen our advertising business over the long term, enabling Yahoo to deliver more value to our customers and partners,” the company said in a statement. Chief Executive Officer Jim Lanzone said these are not cuts to reduce costs, but changes in the company’s strategy, which seeks more profitable businesses.
This is worth mentioning, along with big technologies amazon, alphabet (parent company of Google), Objective AND Microsoft they have cut at least 100,000 people in recent months.
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Source: Terra
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