The Yahoo Inc. offices in Playa Vista, Calif. Bauer-Griffin / GC Images via Getty Images file
Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday.
Private equity firm Apollo Global Management acquired 90% of Yahoo from Verizon in September 2021. The company had about 10,000 employees at that time, according to PitchBook data.
Read more here: https://www.nbcnews.com/business/corporations/yahoo-layoffs-20-percent-of-staff-by-end-of-2023-rcna69985
