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Yahoo wants to do*__ Tabula Rasa__* in Italy. The Californian multinational, which will turn 30 in 2024, has announced that it will wanting to cut almost all the jobs in its Italian offices. He learns it Wired from confidential sources close to the match, who have requested anonymity in order to contribute to this article. Of the 21 people currently employed, two would remain, according to plans disclosed by the company. A clean cut, distributed across the company’s various offices in Milan, Rome and Rieti. At the moment this is the communication that the company has poured into Italian workers, which on Wednesday 1 March has a meeting scheduled with the unions Filcams Cgil, Fisascat Cisl and Uiltucs to explain the reasons for the cut.
The situation:
Worldwide layoffs
Yahoo is one of the latest tech giants to snap the scissors. Last February 9, the announcement: by the end of the year, 20% of employees will be cut off. In particular, the digital advertising division is targeted: the company from Sunnydale, California, has foreseen the exit for half of the forces employed. The goal would be to already lay off a thousand in the first month. According to reports the agency Reutersthe investment fund Apollo Global Managementwhich acquired 90% of Yahoo in 2021 for $5 billion, wants to concentrate all resources on the platform demand side (Dsp) of programmatic advertising (the automated buying and selling of online advertising space).
The case of Italy
The long wave of layoffs also arrives in Italy. At the moment, the company’s position envisages a reduction to a minimum of the presence in the beautiful country, already heavily reduced in recent years. Already in 2014 the multinational had decided to a 20% cut in the workforce in Italy. In 2016, the announcement of losses of more than 4.4 billion dollars had triggered a new round of interventions to streamline the workforce. Now the last cold shower, which suggests a divestment of activities in the area.
Everything now has to go through negotiations with the trade unions and the social partners, which could lead the company to review its strategy, taking a step back. See the case of Meta. The holding company that controls Facebook, Instagram and Meta, has reached an agreement with the unions on the reorganization plan of 11 thousand redundancies announced worldwide by the founder Mark Zuckerberg last November. The redundancies drop from the initial 23 to 12. And, moreover, the only criterion of choice for dismissals becomes the adhesion to the voluntary exit of male and female workers.
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