12:33 - 10.02.2023

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February 10, Fineko/abc.az. Yahoo (U.S.) is planning to cut more than 20% of employees as part of reorganization of its advertising division.

ABC.AZ reports with reference to portal Axios that the cuts in the advertising division itself will exceed 50%.

The company explains this decision not by financial problems, but by a strategic decision to reorganize, since the advertising division has recently turned out to be unprofitable.

Over 1,000 jobs will be cut on Thursday, which will make up 12% of the number of employees. The remaining 8% or slightly more will be reduced in the 2nd half of the year, the portal notes.