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With more and more companies trying to cuts costs, layoffs are only increasing. The latest to announce job cuts are Yahoo and media conglomerate News Corp 







Layoffs wave continues: Yahoo & media group News Corp to cut jobs

Yahoo & media conglomerate News Corp to cut jobs 

With more and more companies trying to cuts costs, layoffs are only increasing. The latest to announce job cuts are Yahoo and media conglomerate News Corp&nbsp;
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The wave of layoffs only seems to be getting bigger. Yahoo and media house News Corp are the latest to announce jobs cuts.&nbsp;
News Corp job layoffs&nbsp;
In an official statement, News Corp said it would cut around 5% of its workforce which accounts for 1,250 jobs after the media conglomerate fell short of quarterly Wall Street estimates for profit and revenue, disturbed by a decline across its businesses including news.&nbsp;
Yahoo layoff
Yahoo on the another hand, is laying off 20% of its staff, impacting 1,600 employees in its ad tech business. Yahoo said that the move will enable the company to narrow its focus and investment on its flagship ad business called DSP or demand-side platform.
The company&rsquo;s layoffs round comes as many advertisers cut back their marketing budget due to record-high inflation rates and concerns about a recession, as per Reuters.&nbsp;&nbsp;

American telco Verizon has sold AOL and Yahoo in a deal reportedly worth $5 billion, which is around half of what the firm originally paid for both companies. 

Reports: Verizon sells AOL, Yahoo in a deal worth $5 billion

American telco Verizon has sold AOL and Yahoo in a deal reportedly worth $5 billion, which is around half of what the firm originally paid for both companies.

American telco Verizon has sold AOL and Yahoo in a deal reportedly worth $5 billion, which is around half of what the firm originally paid for both companies. While Verizon will maintain a 10% stake in company, the deal also includes its ad tech business, all of which has been sold to Apollo Global Management, a private equity firm that owns the Venetian resort in Las Vegas. Verizon reportedly paid $4.4 billion to acquire AOL in 2015, and bought Yahoo two years later for $4.5 billion.

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