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February 11, 2016

Yahoo Lays Off 107 Employees at its California Headquarters

Image by Sebastian Bergmann.
Image by Sebastian Bergmann.

Yahoo has handed pink slips to 107 of the employees at its headquarters in Sunnyvale, Calif.

The layoffs, which take effect April 11, were spread across the company, affecting people in multiple departments, according to a notice filed with the California Employment Development Department.

The reductions are the first of the approximately 1,700 job cuts announced by Yahoo CEO Marissa Mayer at the beginning of the month when she laid out the company’s plans for the future.

“As part of our strategic plan, we have made the difficult but necessary decision to reduce our workforce in order to more efficiently align resources and position the company for a stronger future,” Yahoo said in a statement to the media. “We will provide more clarity to our employees who are impacted by these decisions in the coming weeks.”

The staff reductions in the coming months will amount to 15 percent of Yahoo’s workforce. Most of the layoffs are expected to occur in the first quarter.

“By the end of 2016, the Company anticipates having approximately 9,000 employees and fewer than 1,000 contractors,” Yahoo said in a statement when the company released its fourth quarter earning report. “This represents a workforce that is roughly 42 percent smaller than it was in 2012 and will result in savings in short term operating expense of $400 million annually.”

Yahoo stock went up one percent to $27.10 Wednesday with the news of the job cuts. Overall, Yahoo is down roughly 18.5 percent in the past year.


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Jennifer Cowan is the Managing Editor for SiteProNews.

5 Responses to “Yahoo Lays Off 107 Employees at its California Headquarters

    avatar kik for pc says:

    An impressive and informative information of Yahoo, there getting bunches of knowledge from it.

    avatar joe12 says:

    Why is that so? Are they stupid? Yes the top management layer is, indeed. Why? Some weeks ago I try to make some ads for a client it’s impossible. Some time before I try to get some ads from them, they are not interested etc. Now, what is this company doing?

    Most especially, their traditional mail system should be scrapped off. Lot’s of spam.

    They should be at least more consumer focus and pick up a global approach of business.

    avatar JEE says:

    Very nice post and very useful for us to know more about it.

    avatar Ali Homadeh says:

    Sorry but the layoff should start from the top!

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