According to TechCrunch, around 15 percent of jobs at Yahoo and AOL, an estimated 2,100 jobs, will be cut as the companies are merged following Verizon's acquisition of Yahoo. The jobs that are being eliminated are ones that have duplicate roles in across both companies, such as human resources, finance, etc.. The news of Verizon's acquisition was first announced back in July but the deal is now coming to a close. The new merged company will be called "Oath" and will be headed by AOL CEO Tim Armstrong.