Yahoo Plans to Lay Off At Least 1000 Employees: Report

Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks.

Further layoffs at Yahoo seemed all but inevitable ever since the company announced plans to sell its core assents in December. Yahoo already quietly reduced its workforce by 14 percent over the last year, according to Business Insider.

Yahoo has been under pressure from investors over its failed turnaround and costly media investments for months. Pressure intensified late last year when it became clear that plans to spin off the company’s Alibaba assets may incur a huge tax penalty. Activist investors pressed the company to abandon the spin-off plans and instead sell its core internet business, and Yahoo’s board eventually decided to just that before the end of the year.

Layoffs are part of getting those assets in shape for potential acquirers, as are decisions to kill projects that just didn’t work. Earlier this week, the company decided to rid itself of a high-profile media property by shuttering its video service Yahoo Screen.

More Digital

  • netflix-logo

    Netflix Picks up Kim Jee-woon's 'Wolf Brigade' (EXCLUSIVE)

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

  • Reed Hastings, Netflix CEO

    Netflix CEO Says U.S. Rollback of Net Neutrality Rules Is No Big Deal

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

  • NewFronts West - Streamys Brand Awards

    IAB's NewFronts L.A. Edition to Feature Streamy Brand Awards for Advertising

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

  • Roku TV Wireless Speakers

    Roku Launches Wireless Speakers for Roku TVs

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

  • USA Today - Kate Gutman

    A+E Exec Kate Gutman Joins Gannett's USA Today Network as Head of Content Ventures

    Yahoo is getting ready to lay off at least 1000 staffers, or 10 percent of its workforce, according to a Business Insider report. The company may make an announcement about the restructuring before or as part of its next earnings report, which is expected for the coming weeks. Further layoffs at Yahoo seemed all but […]

More From Our Brands

Access exclusive content