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Verizon Expected To Cut Up To 1,000 Yahoo, AOL Jobs After Acquisition (recode.net)

Posted by BeauHD on from the expect-the-unexpected dept.

Verizon's acquisition and merger of AOL and Yahoo will result in many job cuts. According to Recode, up to 1,000 AOL and Yahoo jobs are expected to take place across the two companies as the merger is completed. From the report: This action is not unexpected, given that both companies have a lot of redundancies, including in human resources, finance, marketing and general administration. The merger between the two companies -- after Verizon bought both in succession to add tech and content to its mobile services -- is expected to be completed in the next week. The shareholder meeting to approve the deal takes place tomorrow. Plans to combine both companies have been in the works for a while, as the pair attempt to make a cohesive unit out of two entities that have multiple assets and also multiple problems. It will be headed by AOL CEO Tim Armstrong, who will become the CEO of Oath, the new name for the Verizon subsidiary.

16 of 36 comments (clear)

  1. Not bad, but... by raftpeople · · Score: 3, Funny

    add Radio Shack into that mix and they've got a home run.

  2. Who was stupid enough to stay? by Snotnose · · Score: 1

    You work in a failing company. Your company gets bought by a successful company. You have a good 6 months warning. If you're half way competent at your job why would you possibly stay in your current job?

    Those that get canned are too lazy to get a job, too incompetent to get a job, or really stupid.

    1. Re:Who was stupid enough to stay? by registrations_suck · · Score: 1

      Well, that certainly will not be a problem once they are unemployed.

    2. Re:Who was stupid enough to stay? by usuallylost · · Score: 3, Informative

      I've had friends in similar situations and one of the reasons they stayed to the end is they got paid a significant bonus to do so. During these mergers, the companies are always afraid that they'll lose the best and brightest needed to keep the lights on. The companies often go to those people and make them an offer of some level of compensation in order to get them to ride it out to the end.

      One guy, I used to work with got six months pay over and above the standard severance package for staying until the company was liquidated. Between that bonus, his severance package, cashed out leave, and the salary he earned during that last year he made a sizable amount of money by being one of the last people out the door. He then conducted a leisurely six-month job search, mostly from a beach, while he collected unemployment.

    3. Re:Who was stupid enough to stay? by tehcyder · · Score: 4, Insightful

      I've had friends in similar situations and one of the reasons they stayed to the end is they got paid a significant bonus to do so.

      Exactly. A lot of people on slashdot forget that work is primarily about balancing the work/leisure mix, so if you can earn six months worth of free holiday time just by carrying on turning up for work and making sure no one nicks the spare laptops, why wouldn't you?

      The exceptions would be people whose work is intrinsically important and rewarding to them, which I assume wouldn't apply to anyone working for AOL or Yahoo in the first place.

      --
      To have a right to do a thing is not at all the same as to be right in doing it
  3. Everytime companies merge by rsilvergun · · Score: 1

    there's a massive round of layoffs as redundancies are eliminated or people are forced to work harder to hang onto their crap jobs. If you wanted efficiency, well you got it.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re:Everytime companies merge by Anonymous Coward · · Score: 1

      It's a shame that redundancies is a real thing. It muddles the issue. But every time I've witnessed an acquisition they get rid of almost everyone. The few they keep are the privileged snivelers who never actually do anything except collect a salary anyway. The most productive are often the first to go.

    2. Re:Everytime companies merge by Neuronwelder · · Score: 1

      Very good answer. I see that you are a thinker! A good thinker!

  4. AIM by dejitaru · · Score: 1

    Well I hope they don't cut the AIM team (er... person) because they are doing a stellar job and I see it becoming the next facebook messenger! /s

  5. no shit by Osgeld · · Score: 1

    what exactly has yahoo employees brought to the table over the last 15 years

    nag me every fucking time I log in for my mobile number ... while using THE GOD DAMNED MOBILE APP?

    cut the fat, there's very little meat on them bones

  6. Outsourcing and H1-B by Mosquito+Bites · · Score: 4, Insightful

    What we have is a continuation of disappearance of jobs for Americans AOL might as well call itself IOL (Indian on line), and Yahoo might as well call itself Yihoo, if counting the Indian H1-B holders and the jobs which has been outsourced to India Sad

    1. Re: Outsourcing and H1-B by drinkypoo · · Score: 1

      If only they pass laws to label where software comes from like regular products so I can avoid all the "Made in India" software companies

      Nope. Instead they passed laws that say that they don't have to label where meat comes from, by repealing COOL. You are not permitted to know, comrade.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  7. Cut AOL jobs? by zifn4b · · Score: 1

    You've got layoffs!

    --
    We'll make great pets
    1. Re:Cut AOL jobs? by sound+vision · · Score: 1

      What is an "AOL job" now anyway... do they police AIM or something?

    2. Re:Cut AOL jobs? by zifn4b · · Score: 1

      What is an "AOL job" now anyway... do they police AIM or something?

      I was wondering the same thing. AOL turned into a company that is a one stop shop for digital advertising like Google. You can find info here. They're also now Aol not AOL. Because you know, that's cooler these days...

      --
      We'll make great pets
  8. Who knew they had that many people? by wardrich86 · · Score: 1

    That must be like 3/4 of each company! They'll probably merge them together and rebrand to yAhOoL