Verizon lays off more Yahoo/AOL employees after another drop in revenue

Enlarge / A monitor seen on the floor of the New York Stock Exchange on Tuesday, Sept. 4, 2018. (credit: Getty Images | Bloomberg)

Verizon this week is laying off another 150 staffers from the Verizon Media division that includes the Yahoo and AOL subsidiaries, according to a CNN report.

"Verizon Media employs around 10,500 people, so these cuts will amount to 1.4 percent of its work force. It's unclear which brands will be affected," CNN wrote.

A Verizon spokesperson confirmed the layoffs, according to the CNN article. We contacted Verizon today and will update this article if we get any more information.

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