Confirmed: Verizon will cut ~15% of AOL-Yahoo staff after merger closes
09 June, 2017, 09:35
Late previous year, AOL announced 500 jobscuts and said they were unrelated to the impending Yahoo merger. AOL and Yahoo have a combined workforce of about 14,000 people.
More than 2,000 jobs across AOL and Yahoo jobs will be cut when the corporate merger between Verizon and Yahoocloses, according to a report from TechCrunch.
According to a regulatory filing submitted by Yahoo, once the sale closes, Yahoo will become an investment company called Altaba, responsible for managing the remaining assets, which are holdings in Yahoo Japan and Chinese e-commerce giant Alibaba, plus a patent portfolio.
The No. 1 USA wireless operator is combining Yahoo's search, email and messenger assets as well as advertising technology tools with its AOL unit, which it bought in 2015 for $US4.4 billion.
Trump delays moving embassy from Tel Aviv to Jerusalem
But Trump has apparently realized that the Israeli-Palestinian conflict, much like the US health care system, is complicated. The long-standing US position is that Jerusalem's fate must be worked out through Israeli-Palestinian negotiations.
For several shareholders entering the short meeting at the Santa Clara Marriott on Thursday, the choice to sell Yahoo'sInternet properties, which include Yahoo Mail, News and Sports, was inevitable.
Neither Verizon nor AOL commented anything related to the potential layoffs but acknowledged that changes will be there. Over the past three months, share price of Verizon declined 5.66% compared with the Zacks categorized Wireless National industry's fall of 4.63%.
"Yahoo stockholders voted to approve the advisory vote on the compensation payable to the company's named executive officers in connection with the completion of the sale transaction", Yahoo said in a statement. Verizon expects mobile video and advertising to be new sources of revenue outside the oversaturated wireless market. Verizon stock dipped about 0.7 percent to $46.19.
Meanwhile, Verizon Communications is also reportedly considering a strategic option to invest $100 million in online music streamer Pandora Media Inc.
Now add chocolate trafficking to the list of criminal enterprises allegedly carried out by suspected mobsters. Those taken into custody are expected to go before a judge later Wednesday, according to a source.
He is the eight person to be released from United Kingdom custody without any further action, while another ten remain in cells. On Friday evening, police in Manchester arrested their 17th suspect in connection with the terror attack.
Apple will go head-to-head with rivals Amazon and Google, as the USA tech giant throws its hat into the growing smart home arena. Like other smart speakers, audio information isn't sent to Apple's cloud until this voice command has been issued, Apple said.
Opana ER is one of a group of drugs that makes up Endo's pain category which had sales of $486 million for the 12 months of 2016. The move follows an FDA advisory committee vote of 18-8 in March concluding the drug's risks were greater than the benefits.
Unfortunately, Siri is tied to Apple Music , which means that Spotify and Amazon Prime Music aren't available (at least for now). The HomePod , Apple Music and Siri deliver the best music experience in the home that streams ad-free directly to the HomePod .
The high-end 27-inch 5K model is equipped with a Radeon Pro 580 with 8GB of RAM - enough horsepower for VR content creation. The AMD Radeon Pro Vega 64 is expected to provide 22 TFLOPS of graphics horsepower using 400GB/S of memory bandwidth.
Taking it one step further, the new feature will also lock the iPhone screen, keeping drivers from using apps, too, CNN reported . Apparently, iOS 11 is even able to recognize what a QR code is about and then ask the device user if they want to act on it.
He says, "I've seen some different press releases back and forth, so before I make an opinion, I want to sit down and read it". Clean energy, Guterres said, will be an economic driver in its own right. "It looks like that attempt failed", Juncker said.
The details were expected to be the likely center of Uber's weekly all-hands meeting, which happens every Tuesday. The firings, which were first reported by Bloomberg News , follow an investigation led by Holder.
Counter-terrorism police and security services have launched a huge investigation for the third time in a matter of weeks. Unlike Butt, his accomplices were not known to the security services and are both thought to be foreign nationals.
A Sebring, Florida woman is being investigated after a video surfaced showing a red rat snake biting her one-year-old daughter. She says her child was never in any real danger and thought she did the right thing to "introduce" the snake to her baby.
Murray into semi-finals after taming Nishikori
The three-time Grand Slam champion has never won at Roland Garros , and never faced unseeded Russian Karen Khachanov , either. Murray did not arrive in Paris at the height of his powers, dealing with a cold and some recent shaky results.
Here's our first look at Apple's new HomePod smart speaker
It wouldn't be the first time that Apple hopped on the bandwagon of a technology product popularized by a competitor. Multiple HomePods can be networked together, but that will cost a pretty sum given each speaker costs $349 (£270).
Turnbull to push parole plan at COAG
Police were called a short time later and Khayre was killed in a dramatic shootout with heavily armed officers. Three people were convicted of conspiracy for that plot, which police thwarted before it could be executed .
New iPhone feature to block texts while driving
The performance facilitates " complex tasks like editing photos and 4K video, rendering 3D images or playing games ", says Apple . Driving guidance: Apple in its iOS 11 has also added new improvements to Maps which can be used while driving in a vehicle .
Panama's feared dictator and ex-US ally Noriega dies
In 2015 Noriega issued a blanket apology "to anybody who felt offended, affected, prejudiced or humiliated by my actions". While in prison he was convicted in absentia in France of money laundering and sentenced to seven years.
Key storylines heading into Game 4 of the Stanley Cup Final
It did not look good early for Rinne who, after two subpar efforts in Games 1 and 2, gave up a goal on the first shot of the game. The Penguins also have managed just four shots on goal in 13 power plays in the series with just one goal with the man advantage.