Verizon cuts 10,000 workers through buyouts as part of restructuring
Verizon will cut its workforce by more than 10,000 as it reorganizes the business to prepare for 5G mobile technology (AFP Photo/Mandel Ngan)/ Washington (AFP) - US telecomm group Verizon announced Monday it would slash its workforce through a voluntary buyout plan as the company strives to better position itself for the coming of new cellular technology. Verizon accepted 10,400 employees for the buyout, which will grant more than a year's salary plus a bonus and other benefits, the company said in a statement. "These changes are ...
Click
To Read Full Article