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

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.


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  • (Score: 3, Interesting) by fyngyrz on Friday June 09 2017, @02:39PM

    by fyngyrz (6567) on Friday June 09 2017, @02:39PM (#523082) Journal

    Which projects do you think they will botch

    I am concerned about Flickr's future under Verizon and forward. I don't look forward to putting up all those images again. If that happens, I think I'm done trusting these companies anyway. Probably just create a gallery system for my own website and call it a day.

    I don't really use anything else of Yahoo's; when the curated links thing became poorly curated, then ad-loaded, then amazingly slow to update even with great links, and then (no surprise to anyone who was paying attention) fell out of favor... they lost me (and Google kicked their ass because they were being both greedy and lazy.) Search (particularly search-by-popularity, which all but guarantees generally mediocre results) has never been a replacement for well-curated links. It's... something else. Useful, certainly, but not the same.

    I was using Flickr long before Yahoo bought it, so they only got me back by buying Flickr. They can lose me just as easily, I know.

    Oh well. Whatever happens, it's not like we can change it. And it'd be fun to write a gallery system.

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