Yahoo! axes! websites! you've! never! heard! of! and! lays! off! staff!
Purple Palace lightens its load by dropping seven publications
Yahoo! has eliminated seven of its digital publications as the sputtering web giant continues to cut costs.
The Purple Palace confirmed on Wednesday that it was eliminating the Yahoo! Food, Health, Parenting, Makers, Travel, Auto, and Real Estate cyber-magazines. With the cuts comes the loss of a number of jobs including, reportedly, the editor-in-chief of Yahoo! Tech.
These layoffs are part of the redundancies announced earlier this month.
"In early February Yahoo shared a plan for the future, and with this new plan came some very difficult decisions and changes to our business," Yahoo! said in a statement to El Reg.
"As a result of these changes, some jobs have been eliminated and those employees will be notified today."
The layoffs are part of an ongoing effort by Jerry and David's Guide to the Web to shed staff and close unprofitable units in hopes of saving $400m in operating expenses.
According to Politico, among those leaving the company will be Dan Tynan, head of the Yahoo! Tech publication. Tynan joined the company in 2013. His Twitter bio today indicates he is now looking for a new job.
The cuts come as Yahoo! finds itself in an increasingly desperate struggle to stay afloat and remake itself under CEO Marissa Mayer. With poor financial results continuing to roll in and investors grumbling for major changes, Yahoo! has been linked to sale rumors, with Verizon reportedly mulling a deal to purchase Yahoo! and merge the company with fellow Web 1.0 icon AOL as a combined digital content branch for Verizon's network. ®
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