[ad_1] Verizon Communications Inc is expected to cut about 2,000 jobs when it completes its US$4.48 billion acquisition of Yahoo Inc’s core assets next week, a person briefed on the matter said. The cuts are expected to come from Verizon’s AOL and Yahoo units and represent about 15 per cent of the staff at the…
[ad_1] The Huffington Post Canada, the media and news website owned by the Canadian subsidiary of AOL Inc., has laid off seven staff, including the only two journalists at its British Columbia bureau, two casual employees and one manager, according to sources who spoke to the Financial Post. Last week, AOL announced plans to lay off 500 employees,…
[ad_1] Digital media company AOL, owned by Verizon Communications Inc, will lay off five per cent of its workforce, or about 500 employees, a source familiar with the situation said. Most of the cuts will be in AOL’s corporate units, while resources will be shifted more to its mobile, video and data offerings, AOL Chief…