As rivals AT&T and Comcast expand their media businesses, Verizon struggles to find its footing.
By Marguerite Reardon
Verizon has laid off 7 percent of employees in its digital business as the phone company comes to grips with the hard realities of building a major media and advertising business to compete with Facebook and Google.
A spokesman for the company confirmed Wednesday that the company laid off about 800 employees in its Verizon Media Group, formerly branded Oath. Verizon Media had a total of about 11,400 employees at the end of 2018.
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