Yahoo Shuts Down Digital Magazines, Cuts 300 Extra Jobs
Yahoo Inc. introduced Wednesday that it will shut down its digital magazines as a part of a plan to simplify its enterprise.
The corporate’s digital magazines to be discontinued embrace people who cowl meals, parenting, well being, journey and actual property, it stated in a weblog submit, noting that it will sharpen its concentrate on information, sports activities, finance and way of life.
The web big additionally stated it will reduce greater than 300 jobs by April 18, as a part of 1,500 layoffs introduced earlier. The layoffs cowl 128 staff at Yahoo’s headquarters in Sunnyvale, California; forty six staff in San Francisco and 60 in Los Angeles, the newspaper reported citing an organization’s observe to state officers.
The corporate additionally plans to close down its Burbank workplace, affecting ninety staff, in accordance with San Francisco Chronicle.
The layoffs have an effect on individuals in Yahoo’s media division, in addition to staff in different roles akin to engineering or analysis, San Francisco Chronicle reported.
Yahoo was not instantly out there for remark.