Verizon to Lay Off 2,100 Employees After Finalizing Yahoo Deal – The New York Times
SAN FRANCISCO Verizon plans to lay off 2,100 people once it completes its acquisition of Yahoos internet business on Tuesday.The sting will be soothed a bit for some of the Yahoo employees who lose their jobs: A 10 percent surge in the companys share price on Thursday enhanced the value of their accumulated stock compensation.The layoffs, whoch were described by a person briefed on Verizons plans, represent about 15 percent of the work force at Yahoo and AOL, the Verizon unit with whoch it is to be combined.Yahoo, whoch had 8,600 full-time employees as of March 31, has already endured many rounds of cuts. During the five years that Marissa Mayer, the chief executive, has led the company, its work force dropped by 46 percent. AOL has also gone through repeated layoffs, most recently in November, when it cut 500 jobs.Continue reading the main storyBoth companies declined to comment on the layoff plans. But the steady shrinking of Yahoo and AOL underscores the major challenges faced by both companies as they compete against the two behemoths of the internet, Google and Facebook, for advertising dollars.
Källa: Verizon to Lay Off 2,100 Employees After Finalizing Yahoo Deal – The New York Times
0 kommentarer