Verizon's first move with Yahoo is to ditch 2,100 jobs
June 9, 2017
NEW YORK (AP) — About 2,100 jobs are on the chopping block as Verizon prepares to combine Yahoo and AOL for a digital advertising offensive.
Yahoo's shareholders on Thursday approved the $4.5 billion sale of its key businesses to Verizon. The deal is expected to close by Tuesday. AOL and Yahoo will cut 15 percent of the 14,000 workers they now employ, or about 2,100 jobs, said a person familiar with the matter who requested not to be identified discussing the cuts.
Verizon has a simple goal in buying Yahoo's core business: It wants to challenge Google and Facebook in the huge...