Read What Yahoo Is Telling Employees About the Verizon Deal
Here are the company’s internal FAQs. Uncertainty abounds within #Yahoo ahead of the close of its $4.8 billion sale to #Verizon. To help assuage its employees’ concerns, the company on Monday provided answers to frequently asked questions about the pending deal. Some subjects that are top of mind: Will there be layoffs? How will stock options be treated? Who will lead the new operation? And what will happen to #Tumblr ? In short, Yahoo has no plans for headcount cuts before the acquisition is set to close in the first quarter of next year. At that time, all stock options will fully vest, leaving employees 90 days to exercise them. Verizon VZ -0.92% will take over any restricted stock units, settling them in cash when they vest according to the same schedules laid out at Yahoo.