Verizon to slash 2,000 Yahoo and AOL jobs

Yahoo's shareholders have approved the $4.8bn (£3.8bn) sale to Verizon but the new parent company reportedly plans to cut 2,100 jobs from Yahoo and AOL when the deal is finalised.

Verizon to slash 2,000 Yahoo and AOL jobs

CNBC reported based on sources that brands in the new combined media entity, to be named Oath, could lay off 15% of the workforce. 

When asked, AOL told CNBC that Oath would be aligning its global organisation to its plans to "drive one of the most important platforms in the consumer brand space". 

After the media entities are combined, AOL estimates that Oath will reach around one billion consumers. 

A spokesman for AOL issued Campaign the following statement: "Oath’s strategy is to lead the global brand space. With access to over 1B consumers upon close, we will be positioned to drive one of the most important platforms in the consumer brand space. Consistent with what we have said since the deal was announced, we will be aligning our global organisation to the strategy."

Topics

Cannes Offer: 12 weeks' online access from just £12

Subscribe to Campaign before the end of Cannes Lions and save up to 71%

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Job description: Digital marketing executive
Shares0
Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).

Just published

More