The Verizon buyouts of AOL and Yahoo could result in the loss of 1,000 jobs across the companies, according to a report.
That would come to something less than 20 percent of the combined companies’ total employees, the report said, citing sources.
The layoffs would not exactly be a bolt out of the blue, since there is a good deal of overlap in the companies’ human resources, finance, marketing and general administration, according to the report on the Web site Recode.
The merger is expected to be completed in the next week.
The shareholder meeting to approve the deal takes place Thursday.
The unit will be led by AOL Chief Executive Tim Armstrong, who will become the CEO of Oath, the name for the new Verizon subsidiary.