Yahoo Joins the Wave of Tech Layoffs - California Gazette

California Gazette20 Feb, 2023News

Yahoo is the most recent tech company to lay off workers. Companies are having a hard time right now because demand has dropped, inflation is high, and interest rates are going up. Yahoo will let go of almost 1,000 tech workers by the end of the week because of its latest round of layoffs. Yahoo is owned by Apollo Global Management, a private equity firm which bought it for $5 billion in 2021. The company said the move would help it focus and invest more in its DSP, or demand-side platform, which is its most important ad business.