Yahoo Job Cuts Hit Canada (Report)
The layoffs comes amid investor pressure on CEO Marissa Mayer to cut costs.
Yahoo CEO Marissa Mayer's latest cost-cutting efforts have reached Canada.
Yahoo Inc. is cutting between 100 and 200 employees, mostly in Canada, The Wall Street Journal reported Friday. The tech giant has closed its Montreal newsroom and automated its French-language news portal in Quebec to eliminate a dozen jobs.
The cuts also hit its Toronto operations hard. "As of today I’m no longer with @YahooCanada. Sad to move on, but grateful for three-and-a-half fun years," said Kat Angus, a blogger for Yahoo! Celebrity Canada, on her Twitter account.
"By my count Yahoo Canada laid off 35 percent of its editorial staff today," said Ian Denomme, an editor and writer at Yahoo Sports Canada, with his own tweet. Yahoo earlier cut around 400 jobs in India in October 2014 as part of a company-wide effort to cut costs.
The layoffs follow criticism from activist investor Starboard Value that Yahoo should merge with AOL to better compete with Google. The tech giant had around 12,500 employees at the end of 2014.