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Verizon cuts 7 pct of jobs in media unit

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Jan 23 (Reuters) - Verizon Communications Inc is cutting about 7 percent, or about 800 jobs, at its media unit, it said on Wednesday.

The cuts are in addition to a voluntary separation program announced by Verizon in December that will see about 10,400 employees leave by the middle of 2019.

Verizon Media, formerly called Oath and home to its Yahoo and AOL divisions, had 11,385 employees at end of 2018.


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