Thirty-nine journalists at HuffPost were laid off as part of Verizon Communications Inc.’s acquisition of Yahoo Inc., according to the union representing the website’s editorial staffers.
The LA Times reports that the cuts “are part of what’s expected to be a 15% staff reduction across Yahoo and the Verizon-owned AOL, which merged Tuesday (June 13) upon the completion of the $4.48-billion sale. In total, about 2,000 Yahoo and AOL workers are expected to lose their jobs as Verizon trims expenses and eliminates overlapping positions.
“Verizon is counting on the combination of Yahoo and AOL, operating as a single business unit called Oath, to build a strong third alternative in a rapidly growing digital advertising market that is currently dominated by Google and Facebook.
“Oath properties include HuffPost, Yahoo Sports, AOL.com, Makers, Tumblr, Build Studios, Yahoo Finance and Yahoo Mail.”
Of note, in late April, the HuffPost reported they were embarking on “the next chapter ― debuting a new logo and a new look to celebrate our new leadership under Editor-in-Chief Lydia Polgreen.
“We began this project by thinking about what sets us apart. We’ve never been afraid to cut through the noise of news coverage and call it like we see it, often with a wink and a nod. This spirit is best embodied by the sharp headline and image we use every day to bring you the top story on our site and app: our splash. This new design pumps up the volume on the splash and weaves more of them into the experience of our site.”