Yahoo to Cut its Workforce by 15%, to Layoff 1,700 Workers

The company’s “aggressive strategic plan” to return to profitability, will see the sacking of not just its workers, but also an assortment of services that CEO Marissa Mayer decided “aren’t worth the time and money that the company has been putting into them.” The announcement came as Yahoo reported a $4.3bn (£3bn) loss for the year.

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals