Massive cuts did not pass the American corporation Yahoo, owned by private investment company Apollo Global Management. The company plans to reduce staff by 20%. Workers in Yahoo’s advertising technology division will suffer the most, according to Reuters.

The number of employees of this unit by the end of this year will be reduced by almost half. The layoffs will continue gradually starting this week.

Thanks to state cuts, Yahoo plans to increase investment in the DSP advertising business.

Technology industry leaders are forced to resort to massive cuts due to a large-scale recession and declining advertising revenues. As a reminder, Twitter has already lost nearly two-thirds of its employees.Amazon is cutting more than 18,000 employees. Google’s parent company, Alphabet Corporation, said it would eliminate about 12,000 jobs.

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