Verizon plans to cut about 2000 jobs at Yahoo, AOL


Verizon plans to cut about 2000 jobs at Yahoo, AOL

Verizon - the parent company of AOL - announced it would scoop up Yahoo last July for almost $5 billion.

Late past year, AOL announced 500 jobs cuts and said they were unrelated to the impending Yahoo merger.

Verizon is reportedly planning to cut up to 2,100 jobs as it combines AOL and Yahoo.

Verizon's internet division AOL and Yahoo will be combined into a unit called Oath.

The Verizon buyouts of AOL and Yahoo could result in the loss of 1,000 jobs across the companies, according to a report.

"Consistent with what we have said since the deal was announced, we will be aligning our global organization to the strategy", said an AOL spokesperson in an email to TheWrap.

The closing of the deal, announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo disclosed previous year. Yahoo CEO Marissa Mayer will not be part of the leadership team, according to an internal memo obtained by CNN Tech in April.

While it remains to be seen where exactly AOL and Yahoo will streamline its workforce, there are a few names that are already known to be sticking around post-close.