Verizon Media Is Laying Off 150 Employees, Less Than 2% of Headcount

Verizon Media, the division comprising brands like HuffPost, AOL, Yahoo, TechCrunch and Engadget, is set to lay off about 150 employees, the latest retrenchment by the telco’s still-declining digital-media group.

Verizon confirmed the cuts, which were first reported by CNN. The job cuts represent around 1.4% of the 10,500 employees in Verizon Media, which the telco formed after acquiring Yahoo and AOL.

Verizon Media did not provide details on which areas of the business will be affected by the layoffs. The pink-slips will hit U.S. teams across the organization, per CNN.

In a statement, a Verizon Media rep said, “Our goal is to create the best experiences for our consumers and the best platforms for our customers. Today we are investing in premium content, connections and commerce experiences that connect people to their passions and continue to align our resources to opportunities where we feel we can differentiate ourselves and scale faster.”