Stories
Slash Boxes
Comments

SoylentNews is people

Verizon to Lay Off Around 2,100 from Combined Yahoo!-AOL Entity

posted by n1 on Friday June 09 2017, @05:05AM   Printer-friendly
from the job-creators dept.

takyon writes:

Oath, the combination of Yahoo! and AOL, will start its existence with a round of layoffs:

Verizon is set to cut thousands of jobs from Yahoo and AOL as the companies integrate, a source familiar with the matter told CNBC on Thursday.

Brands in the new combined media entity, to be named Oath, could lay off a total of about 2,100 staffers, or about 15 percent of the workforce, the source familiar with the matter said. The cuts are expected to be announced next week once the deal closes.

[...] Recode previously reported that up to 1,000 jobs could be cut, while Reuters and The Wall Street Journal reported a number closer to 2,000. The companies declined to comment on the reports at that time.

Also at Reuters and the The Washington Post.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Verizon to Lay Off Around 2,100 from Combined Yahoo!-AOL Entity | Log In/Create an Account | Top | 4 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2) by frojack on Friday June 09 2017, @06:20AM

    by frojack (1554) on Friday June 09 2017, @06:20AM (#522949) Journal

    Seems like anything that touches AOL turns into something, but it sure as hell isn't Gold.

    In this case, adding two turds together or even less likely come up shiny.

    --
    No, you are mistaken. I've always had this sig.
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2