Yahoo to cut 16,000 jobs

Internet giant Yahoo has announced it's cutting roughly 16,000 jobs from its global workforce.

Its after results showing the search engine lost over $4 bn in the last quarter of 2015.

It's not clear if any of the company's Irish workforce will be affected.

Yahoo says its launching "an aggressive strategic plan to simplify the company".

It's raised speculation it may be sold or merged with another company.