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December 12, 2019 10:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/eaUKgZlzvQc/verizon-lays-off-more-yahooaol-employees
Verizon Lays Off More Yahoo/AOL Employees
Verizon is laying off 150 U.S. staffers this week across multiple teams in the organization. CNN reports: Verizon Media employs around 10,500 people [across media brands that include Yahoo, AOL, TechCrunch and HuffPost], so these cuts will amount to 1.4% of its work force. It's unclear which brands will be affected. In January, Verizon Media laid off roughly 800 employees, or about 7% of its staff at the time, as the division's revenues failed to meet expectations. A spokesperson for Verizon Media confirmed the layoffs to CNN Business. "Our goal is to create the best experiences for our consumers and the best platforms for our customers. Today we are investing in premium content, connections and commerce experiences that connect people to their passions and continue to align our resources to opportunities where we feel we can differentiate ourselves and scale faster," the spokesperson said in a statement.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/eaUKgZlzvQc/verizon-lays-off-more-yahooaol-employees
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