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Disney is laying off more than 20% of its workforce by the end of 2023 Eliminating a thousand positions alone this week alone Private equity firm Apollo global management acquired 90% of Yahoo from Verizon in September 2020 when the company had about 10,000 employees at the time Axios reported that more than 1600 workers will lose their jobs. The layoffs are part of broader effort by the company to streamline operations in Yahoo's advertising unit. According to Yahoo spokesman given the new focus of the Yahoo new Yahoo advertising company We will reduce the workforce of the former Yahoo for business division by nearly 50%.