Oath is laying off up to 560 workers

Yesterday Digiday and other websites just revealed that Oath is laying off up to 560 workers, less than 4 percent of Oath’s global employee count of 14,000.

The job cuts will be spread across the globe, affecting different business units — including ad sales, engineering, and product development.

In a statement, Oath said that the “strategy is to build brands one billion users around the world love. We’re about four months post-close of Verizon’s acquisition of Yahoo, and we’ve made these changes to our team to further align our global organization to our 2018 roadmap. Oath remains committed to building a company talent loves and we continue to hire across our priority business units.”