Yahoo to cut more than 300 jobs
- Published on 18 Feb 2016
- HR Pulse News Desk
Yahoo Inc is said to cut more than 300 jobs by April 18, as part of 1,500 layoffs announced earlier. The layoffs cover 128 employees at Yahoo's headquarters in Sunnyvale, California; 46 employees in San Francisco and 60 in Los Angeles.The company also plans to shut down its Burbank office, affecting 90 employees.
The layoffs affect people in Yahoo's media division, as well as employees in other roles such as engineering or research. Yahoo said it would shut down its digital magazines as part of a plan to simplify its business and also announced last week it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.
The company said earlier this month it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce.
Source: Reuters
