AOL CEO Tim Armstrong in Sun Valley, Idaho in July 2015.
AOL CEO Tim Armstrong in Sun Valley, Idaho in July 2015. Photograph by Scott Olson—Getty Images

Verizon-Yahoo Deal Will Spark ‘Job Changes’ Says AOL CEO

Sep 12, 2016

The mission to merge Yahoo's assets with AOL (aol) and Verizon's will lead to "some job changes" according to AOL CEO Tim Armstrong.

Armstrong told the crowd at TechCrunch Disrupt 2016 in San Francisco that synergies within Yahoo (yhoo) and AOL's operations will inevitably lead to some job changes but stressed that the deal itself was "not about job cuts."

Get Data Sheet, Fortune's technology newsletter.

Armstrong and Verizon (vz) executive vice president Marni Walden said the company is focused on a strategy that leverages advertisements across all platforms, utilizes partnerships with strongest competitors, and strengthens media brands such as the Huffington Post and Yahoo news.

"Google is search, Facebook is social, we're going to be brand," said Armstrong.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions