VZ continues with an endless trickle of cuts on the content side, death by a thousand cuts or "Lingchi" in Chinese.
Verizon has laid off at least 50 people in a consolidation of its video product business, according to multiple company insiders.
The people laid off in the latest round were formerly managed by Brian Angiolet, senior vice president, global chief media, but most recently reported to Alex Wallace, vice president of entertainment at Oath studios. Both Angiolet and Wallace will remain in their jobs.