In a sequence of events that seems vaguely absurd to those of us who lived through the turn-of-the-century dot-com boom, over 2015 and 2016 Verizon acquired two Internet pioneers now fallen on hard times, Yahoo! and AOL. The plan was to combine them into Verizon's content arm, which was given the improbable name Oath: (yes, with the colon). In June of 2017, the piper finally had to be paid for all this maneuvering, as the company laid off 2,100 people, making up 15 percent of its workforce, in a quest to eliminate overlap between the two pre-existing businesses. The good news, if there is some, is that one internal source said, "It seems that a lot of thought and effort has gone into this."