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Yahoo, AOL employees brace for layoffs amid Verizon integration

AP Photo/Mark Lennihan

AOL and Yahoo employees, now colleagues under the newly-formed Oath brand, are bracing for major layoffs to hit this week, multiple sources tell Axios. The changes come in response to Verizon officially completing its $4.5 billion purchase of most Yahoo assets on Tuesday.

Both companies have undergone multiple rounds of cuts already, and have been bracing for additional rounds for months.

"I think this is my 5th or 6th round of layoffs in 3 years," an AOL employee tells Axios.

Earlier this week The New York Times reported that the company was set to cut 2,100 positions after the deal went through, representing roughly 15% of the combined workforces at Yahoo and AOL.

Why it matters: Layoffs and staff shuffling are standard practices amid large-scale mergers and acquisitions, particularly when there are overlapping businesses, as is certainly the case with AOL and Yahoo.

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Trump: Transgender people "disqualified" from the military

SecDef Jim Mattis and Gen. Joseph Dunford.
Secretary of Defense Jim Mattis and Gen. Joseph Dunford. Photo: Andrew Harrer-Pool / Getty Images

President Trump late Friday issued an order disqualifying most transgender people from serving in the military.

"[T]ransgender persons with a history or diagnosis of gender dysphoria -- individuals who the policies state may require substantial medical treatment, including medications and surgery -- are disqualified from military service except under certain limited circumstances."

Why it matters: Anything short of an inclusive policy for transgender troops will be viewed as a continuation of the ban Trump announced on Twitter in August.

Haley Britzky 8 hours ago
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Both Bush and Obama also requested line item veto power

Donald Trump.
Photo: Mark Wilson / Getty Images

President Trump tweeted on Friday evening that to avoid having "this omnibus situation from ever happening again," he wants Congress to re-instate "a line-item veto."

Why it matters: This would allow him to veto specific parts of a bill without getting rid of the entire thing. Trump was deeply unhappy with the $1.3 trillion spending bill approved by Congress early Friday morning, but signed it anyway on Friday afternoon.