Yahoo Lays Off One Percent of Staff in Front of Earnings
Yahoo, which will announce fourth-quarter earnings later today, is also laying off another one percent of its staff, according to sources.
The layoffs of well over 100 employees are taking place across the company, although cuts are largely in the media and advertising group.
Yahoo currently has about 13,600 staffers worldwide.
After initially declining comment, a Yahoo spokeswoman confirmed the move and released the following statement:
“The personnel changes we are making are part of our ongoing strategy to best position Yahoo! for revenue growth and margin expansion and to support our strategy to deliver differentiated products and experiences to the marketplace. We’ll continue to hire on a global basis to support our key priorities.
Today’s action impacts approximately 1% of the global employee base.”
The Silicon Valley Internet giant conducted a larger layoff of four percent of its staff–mostly in its product organization–in December.