Verizon's millennial mobile video service lays off 155 employees [telecom]

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by Michelle Castillo

Verizon's big attempt to get millennial viewers is going through a massive shakeup.

The company laid off 155 staffers from its streaming service go90 last week, which was first reported by Variety. Sources close to Verizon told CNBC said the majority of staff changes will be mostly on the go90 engineering team, and said new employees would be on-boarded from Vessel, a digital video service Verizon acquired in October.

The news comes at a time when Verizon is still negotiating its acquisition of Yahoo. The deal has hit road bumps after news of two massive data breaches involving up to 1.5 billion Yahoo accounts.