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Yahoo announces layoffs to 20 per cent of workforce

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1 year ago

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Yahoo has announced plans to lay off over 20 per cent of its total workforce by the end of 2023

The move is part of a restructuring of its ad tech division and will allow the company to focus and invest in its flagship ad business called DSP (demand-side platform).

Nearly 50 per cent of its ad tech employees will be affected.

This decision has been made due to record-high inflation rates and uncertainty about a recession, as advertisers have reduced their marketing budgets.

Many U.S. companies, including Goldman Sachs and Alphabet, have also made layoffs to cope with the demand downturn.

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Warner Brothers & Discovery considers splitting up to boost stock value

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1 week ago

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July 19, 2024

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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1 week ago

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July 18, 2024

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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1 week ago

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July 18, 2024

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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