Verizon layoffs –
– person layoff despite Verizon touting gains in mobile advertising.
Jon Brodkin –Dec (**************************************************************, ****************************************** 4: pm UTC **************************
“Verizon Media employs around (******************************************************************, 534 people, so these cuts will amount to 1.4 percent of its work force. It’s unclear which brands will be affected, “CNN wrote.
Verizon purchased Yahoo for $ 4. (billion in June) ************************************* and AOL for $ 4.4 billion in June 2017. But Verizon’s strategy of acquiring declining online media brands hasn’t been successful in challenging Google and Facebook in the advertising market.
“Today we are investing in premium content, connections, and commerce experiences that connect people to their passions and continue to align our resources to opportunities where we feel we can differentiate ourselves and scale faster, “Verizon said in a statement about this week’s layoffs.
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