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Verizon Plans to Cut About 2,100 Jobs in Merger of Yahoo With AOL

  • Firings are said to mostly affect duplicated positions
  • Yahoo investors approve deal, which may close next week

Verizon Communications Inc. plans to cut about 2,100 jobs after completing its $4.48 billion acquisition of Yahoo! Inc.’s internet business and combining it with AOL, according to a person familiar with the matter.

The firings will mostly be duplicated positions -- engineering jobs are less likely to be affected, said the person, who asked not to be identified discussing private information. The cuts, which amount to about 15 percent of the combined workforce, will begin soon after the merger is completed, which could be as early as next week, the person said.