https://techcrunch.com/2019/01/23/verizon-media-group-7-percent-layoffs/

The Verizon division formerly known as Oath is laying off 7 percent of its workforce, which amounts to roughly 800 employees.

Oath was created after Verizon acquired AOL, followed by Yahoo, bringing them together two years ago as a combined digital media entity with a new name. However, it seems that the organization hasn’t performed as well as Verizon executives had hoped, with layoffs, the departure of AOL CEO Tim Armstrong and Verizon’s recent $4.6 billion writedown on the media business — it announced a “voluntary redundancy” program, a.k.a. buyouts, at the same time.