AOL/Yahoo layoffs incoming, US mobile speed rankedToday's major tech stories include the incoming layoffs that will hit AOL and Yahoo in the Verizon sale, US mobile speeds aren't nearlly as fast as the rest of the world and new global internet traffic data says mobile is set for a huge spike.
This is CNet and here are the stories that matter right now. Just as Yahoo shareholders approved a $4.48 billion sale to Verizon, now comes news that the new company will shed about 50% of AOL and Yahoo staff members, making up roughly 2,100 jobs. This according to TechCrunch. The deal for the new entity, now to be known as Oath, is scheduled to be completed on June 15th. Two new reports by Akamai and OpenSignal that measure mobile internet speeds on an international basis show that the U.S. is 28th and 40th in speed surveys. The average US speed clocks in around 10 to 15 megabits per second, while the average in the UK jumps to 26. It's not all bad news though. The report showed that network availability is up in the US a whopping 86%. And speaking of mobile Internet traffic, Cisco says the global average Internet traffic from smartphones is about to explode. Forecasted to jump from 3,500 megabytes per month in 2016 to almost 50,000 megabytes a month by 2021. If these metrics are reached, it would mean a third of all Internet traffic on Earth would be mobile-based. You can stay up to date with the latest by downloading the CNet Tech Today app in the Apple or Google Play Store.