The Crossroads of Special Operations

Saturday, May 8, 2021

Verizon lays off more Yahoo/AOL employees after another drop in revenue | arsTechnica

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A Verizon spokesperson has confirmed the 150-person job cut in the Yahoo/AOL sector following an 800 person lay off in at the beginning of the year. Lower revenue has been cited as the cause, with the company struggling to market their purchased brands against Google and Facebook. A goodwill impairment charge at $4.6 billion has also almost completely wiped out the divisions value. Verizon says they plan to focus on the departments marketing, subscriptions, and improved experience for customers.

Source: https://arstechnica.com

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