Yahoo Layoffs 2023: The process of layoffs (Layoffs 2023) is going on in big companies all over the world. Now the name of big tech company Yahoo has also been added to this list. The company has decided to lay off 20 percent of its total workforce (Yahoo Layoffs). This decision will affect at least 1,600 employees. On Thursday, the company mailed 12 percent of its employees and informed that by the end of the day at least 12 percent i.e. 1,000 employees would be retrenched. At the same time, the remaining 8 percent employees i.e. 600 people will be fired in the next 6 months.
A sword hangs over the jobs of a total of 1600 employees.
Yahoo has made it clear that it will lay off 20 percent of its total workforce. In such a situation, it will have a direct impact on the jobs of a total of 1,600 people. At the same time, more than 50 percent of Yahoo’s tech employees will be affected by this layoff. Yahoo’s CEO Jim Lanzone said in an interview that this retrenchment is not being done due to the Global Recession, but to compensate for Yahoo’s loss units.
Disney showed 7,000 employees the exit deal
Apart from Yahoo, the big entertainment company Disney (Disney Layoffs 2023) has also announced the layoff of its 7,000 employees. This retrenchment has been announced by the company’s CEO Bob Iger. He has taken over the post of CEO of the company in December last year. Apart from this, due to the economic recession, many big companies like Meta (Facebook and Instagram), Amazon, Microsoft, SAP, OLX and some other big companies have laid off their staff on a large scale.
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