en.wikipedia.org/wiki/Yahoo
2 corrections found
In 2023, Yahoo announced a 20% reduction in its workforce – shedding roughly 1,000 its 8,600 employees
Yahoo's 2023 layoff plan affected more than 1,600 employees, not about 1,000. The 1,000 figure referred only to the first round of cuts that week.
Full reasoning
This sentence mixes up Yahoo's initial February 2023 layoffs with the full layoff plan.
Contemporaneous reporting states that Yahoo planned to cut more than 20% of its total workforce by the end of 2023, affecting more than 1,600 employees overall. The same reports explain that 1,000 jobs were eliminated immediately that week, with the remaining cuts to follow later in the year.
So the article's wording is inaccurate because it presents ~1,000 as the total size of the 20% workforce reduction, when that number only described the first wave. A 20% cut of a workforce in the ~8,000 range is also mathematically inconsistent with a total of only 1,000 layoffs.
2 sources
- Yahoo announces layoffs of 20 percent of staff by end of 2023
Yahoo has announced plans to lay off more than 20 percent of its staff by the end of the year... The layoffs will affect more than 1,600 employees... The company eliminated 1,000 positions on Thursday, and the remaining layoffs will happen in the second half of the year.
- UPDATE 1-Yahoo to lay off more than 20% of staff
Yahoo said on Thursday it plans to lay off more than 20% of its total workforce... including nearly 1,000 employees this week.
It is operated by the namesake company Yahoo! Inc.
Yahoo's current operating company identifies itself as Yahoo Inc., not Yahoo! Inc. Official Yahoo pages such as its Terms of Service and contact page use the name 'Yahoo Inc.'
Full reasoning
Yahoo's own current corporate materials use Yahoo Inc. as the company's name.
- Yahoo's official contact page is titled "Contact Us | Yahoo Inc." and repeatedly says users agree to "Yahoo Inc.'s Terms of Service and Privacy Policy."
- Yahoo's current Terms of Service state: "Yahoo Inc. and all of its brands... are part of the Yahoo family of companies."
- Yahoo's September 1, 2021 acquisition press release is also published under the header "Apollo Funds Complete Acquisition of Yahoo | Yahoo Inc."
That means the article's statement that the portal is operated by "Yahoo! Inc." uses the old exclamation-mark company name, not the current name Yahoo itself uses in its official legal and corporate materials.
3 sources
- Contact Us | Yahoo Inc.
The page title is 'Contact Us | Yahoo Inc.' and the form text says: 'I agree with Yahoo Inc.'s Terms of Service and Privacy Policy...'.
- Yahoo Terms of Service | Yahoo
The Terms say: 'Yahoo Inc. and all of its brands listed in Section 13... are part of the Yahoo family of companies.'
- Apollo Funds Complete Acquisition of Yahoo | Yahoo Inc.
Yahoo's official press page for the 2021 Apollo acquisition is published under the title 'Apollo Funds Complete Acquisition of Yahoo | Yahoo Inc.'