Yahoo7 cuts 10% of their workforce

The redundancies, thought to be around 10% of the workforce, come as Yahoo7 looks to leave its existing offices in Sydney’s expensive Walsh Bay district, in a sign that the digital joint-venture between Yahoo and Seven is unravelling.

In July US telecommunications giant Verizon signed a deal to buy Yahoo, a move which was thought may provide the nail inn the coffin of the decade-long partnership between Seven and Yahoo.

Let the Quickflix Yahoo7 death watch begin.

Source: Yahoo7 axes 10% of workforce as part of review of operations – Mumbrella

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