Yahoo to lay off more than 20% of staff as it shrinks ad biz

"Yahoo CEO Jim Lanzone stressed that the layoffs are not attributable to financial challenges, but rather, strategic changes to the company's Yahoo for Business advertising unit, which is not profitable. "

Unfortunately I can't speak to the quality of Yahoo's ad inventory but that might say a lot in and of itself (the partnership with Taboola certainly doesn't fill my mental "ROAS" with confidence).

It looks like there was a little too much money sloshing around in the ad space and the pullback is starting to show up in layoffs. Granted there's definitely some fat to trim in the ad business in the form of account managers that are basically just inside-sales.

I really hope that a lot of these (presumably) talented employees that have been laid off from these various companies go out on their own and take down these established businesses for good.

Ouch! Taboola is the subprime advertising of subprime advertising. It's kinda shocking that it doesn't get blocked by malware filters.

> These cuts will immensely help profitability and help us "go on offense"

i.e. "Dead people can't catch Cordyceps"