HuffPost Laying Off Staff After $4.6 Billion Verizon Media Write-Down

On Thursday, 20 employees with The Huffington Post were given pink slips just one day after Verizon Media (parent company) decided to cut 7% of its staff.

“About 750 Verizon Media employees were expected to lose their jobs,” reports HuffPo. “That announcement came more than a month after Verizon took a $4.6 billion write-down on HuffPost’s parent company, Oath (now called Verizon Media), which includes AOL, Yahoo and HuffPost.”