Home › News ›

Verizon Cost-Cutting Efforts See Departure of 10,400 Employees

Article Comments

Dec 10, 2018, 11:33 AM by Eric M. Zeman

Verizon Communications today said that about 10,400 employees have accepted a voluntary buyout offer and will leave the company at various stages over the next six months. Verizon says the workforce reduction, which impacts roughly 7% of employees, leaves the company better positioned for growth. It aligns with Verizon's recently overhauled organizational structure as it focuses on bringing 5G to market. Verizon tried to put a positive spin on it, saying the changes will "be seamless to our customers" and "better serve customers with more agility, speed and flexibility." The Voluntary Separation Program offered employees up to 60 weeks' salary, bonus, and benefits, depending on how long they were with the company. Verizon's most recent headcount stood at more than 152,000 employees.

Related

Samsung Refines its Foldable Phones

Aug 10, 2022
Samsung has announced its newest generation of foldable phones: the Galaxy Z Fold4 and Galaxy Z Flip4. Both have similar designs and features compared to their predecessors, with a slew of small updates and refinements across the board.

iPhone 14 Plus Offers a Big Screen For Less

Sep 7, 2022
Apple has revealed the iPhone 14 series, with new features, improved specs, and new size options. In place of a Mini option, the iPhone 14 will come in the same 6.1-inch and 6.7-inch screen size options as the Pro models.

TCL Creates New Stylus Phone for US

Jun 2, 2022
TCL is entering a new category in the US phone market: affordable phones with a built-in stylus. The new TCL Stylus 5G is roughly similar to company's TCL 30 V 5G for Verizon, but with a stylus and going on sale today with T-Mobile and Metro.

Qualcomm Intros Snapdragon Chips for 2023's Mid-Range & Affordable 5G Phones

Sep 6, 2022
Qualcomm has just announced the two chips that will power a great number of entry-level and mid-range Android phones in 2023: the Snapdragon 4 Gen 1 and Snapdragon 6 Gen 1. Both chips integrate a 5G modem and include upgraded performance as well as new features compared to the chips they replace.

Cricket Ditches Data Speed Caps, Adds 5G to All Plans

Oct 29, 2021
Cricket made two major changes to its prepaid plans today, bringing them in line with the competition in two important ways. First, Cricket is removing the cap of 8 Mbps on 4G LTE download speeds.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1