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Yahoo To Ditch 600 Staff

Yahoo has confirmed that it will be laying off 600 people from its workforce as a part of a revenue turn-around strategy.

The company has said that despite the strategic jobs cuts, the Yahoo will continue to hire more people necessary for its mission critical operations.

According to The Register, the job cuts will mostly take place among the staff working under Blake Irving, the company's chief product officer.

“Today’s personnel changes are part of our ongoing strategy to best position Yahoo for revenue growth and margin expansion,” the company said in a statement.

“We'll continue to hire on a global basis to support our key priorities. Yahoo is grateful for the important contributions made by the employees affected by this reduction. We are offering severance packages and outplacement services to these employee,” it added.

The recent round of the job cuts will lower the company's worldwide headcount to 13,500 from 14,100.