![]() ![]() ![]() "These decisions are never easy, but we believe these changes will simplify and strengthen our advertising business for the long run, while enabling Yahoo to deliver better value to our customers and partners," the spokesperson said in a statement. The cuts are focused on the company's ad tech division, Yahoo for Business, which will reduce its workforce by nearly 50% by the end of 2023 amid a restructuring of the company's ads business, a Yahoo spokesperson said. Yahoo will lay off 20% of its workforce by the end of the year, including 1,000 employees this week, the company announced on Feb. ![]() "We're going to redirect some of our cost savings into higher travel budgets so you can see one another more often - something we've all been missing a lot," he said. We're exiting the last phase with a great market position, and very strong cash reserves, but unfortunately that's not enough to get us through the next phase."Īlong with the layoff announcement, Lawson said the San Francisco-based company plans to close some of its offices in the coming months, since many of its employees work remotely. "Now we have to prioritize profit far more than before. "Environments change - and so must we," he said. In a memo to employees, Twilio co-founder and CEO Jeff Lawson said the business environment has become more challenging. Twilio, a cloud computing company, said on Monday that it plans to lay off about 17% of it staff, which amounts to roughly 1,500 workers. "I recognize that all of this is deeply unsettling." Twilio "To address the growing deficit, we need to further reduce our spending," Lansing said to employees. NPR has also suspended internships and fellowships, and restricted nonessential travel, Lansing said. In November, the company imposed a near-freeze on hiring. "As a result, the ad industry has weakened and we are grappling with a sharp decline in our revenues from corporate sponsors." "At a time when we are doing some of our most ambitious and essential work, the global economy remains uncertain," Lansing said. John Lansing, NPR's CEO, said in the memo that the company faces a $30 million shortfall on an annual budget of about $300 million. National Public Radio, a nationwide network of public radio stations, said on Wednesday that it will cut 10% of its staff, which amounts to at least 100 employees, according to a memo obtained by ABC News. "I remain very optimistic about the future and the myriad of opportunities we have," he said. The company has yet to identify the exact roles being cut in the latest round of layoffs, Jassy said on Monday. ![]() The majority of roles cut last fall were in Amazon Stores and People Experience and Technology Solutions teams, according to an email sent to employees from Jassy. "The short answer is that not all of the teams were done with their analyses in the late fall and rather than rush through these assessments without the appropriate diligence, we chose to share these decisions as we’ve made them so people had the information as soon as possible." "Some may ask why we didn’t announce these role reductions with the ones we announced a couple months ago," Jassy said. Photo by Artur Widak/NurPhoto via Getty Images ![]()
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