(CNN) - Thousands of tech employees are one step closer to losing their jobs.
On Thursday, Yahoo shareholders approved an agreement for Verizon to buy Yahoo's core internet assets for nearly $4.5 billion. That's according to preliminary results from a special shareholder meeting.
The deal is expected to close Tuesday.
Yahoo and AOL will form a new company under Verizon called "Oath."
A source familiar with the matter says Verizon expects to cut up to 2,100 employees, which is roughly 15 percent of the staff.
Copyright 2017 CNN. All rights reserved.
