More than 10,000 Verizon employees sign up for voluntary buyout
Verizon will reduce its workforce by roughly 7 percent as it "better positions itself for future growth," the company announced Monday. By June, 10,400 employees will depart from the major telecommunications provider as part of a rolling buyout. The employees all volunteered, with some receiving up to 60 weeks' salary, bonus and benefits. Verizon had 152,300 employees at the end of the third quarter. Employees' last days will occur either the end of this month, in March or in June, depending on the company's needs, Verizon said. The company ...
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