News out that Verizon is laying off 7% of employees from Oath / yahoo & AOL. :(
Which department may I ask ? It’s very sad and my condolences to the ones who lost their jobs.
We already had the layoff, last week.
Expected
Mostly low value low growth products and redundancies. Unclear how international was affected. Been thru lots of layoffs from Yahoo, this was more fat trimming and restructuting to goals than cost cutting to maximize profits
Again? We just had one last week.
Honestly I knew this was coming since the acquisition, there’s redundancy and it’s a known occurrence during this type of thing. Cutting the fat that is
Took a while to implement
This was not the first round of layoffs after the acquisition of Yahoo. There have been layoffs before. I predict there will be more in the future, though the Oath/Verizon Media CEO said he set the books straight for the future.
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