Verizon cuts seven percent of jobs in media unit
Verizon Communications Inc
The cuts are in addition to a voluntary separation programme announced by Verizon in December that will see about 10,400 employees leave by the middle of 2019.
Verizon Media, formerly called Oath and home to its Yahoo and AOL divisions, had 11,385 employees at end of 2018.
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The unit has struggled to improve Verizon`s digital advertising business, which competes with the likes of Facebook Inc
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)