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Verizon to Lay Off Thousands of Workers During AOL-Yahoo Merger

As Verizon’s AOL unit merger over Yahoo takes effect, thousands are expected to be laid off. The communications behemoth will be merging departments like human resources, finance, marketing and general administration and would have obvious overlap. They estimate that about 2,100 people in both the New York and California offices would be in redundant positions as the union finishes taking shape.

With layoffs in larger companies, it may be common to receive some sort of severance package ...

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