Yahoo to lay off more than 20% of its total workforce

Yahoo to lay off more than 20% of its total workforce

FILE PHOTO: Yahoo Mail logo is displayed on a smartphone's screen in front of a code in this illustration taken in October 6, 2016. REUTERS/Dado Ruvic

Yahoo said on Thursday it plans to lay off more than 20% of its total workforce as part of a major restructuring of its ad tech division.