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Mon Dec 10, 2018, 05:39 PM

Verizon Says It Will Shed More Than 10,000 Workers Next Year

Source: Reuters

6 hrs. ago.

Verizon said Monday that about 10,400 employees will be leaving the U.S. wireless carrier by mid next year as part of the company's voluntary separation program.

The New York company has been looking at cutting costs as it ramps up investment in its next generation 5G network, which is expected to fuel growth. The company has said it was on track to reach $10 billion in cumulative cash savings by 2021.

As part of the separation program, the employees will get a salary of up to 60 weeks, bonus and benefits, depending on the length of their service, Verizon said.

"This program coincides with Verizon's recently announced realigned organization structure designed to optimize growth opportunities in the 5G era," the company said. The company said it had 152,300 employees at the end of the third-quarter ending Sept. 30. -END.


Read more: https://www.msn.com/en-us/money/companies/verizon-says-it-will-shed-more-than-10000-workers-next-year/ar-BBQLz2W?li=BBnbfcL&ocid=HPCOMMDHP15

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Reply Verizon Says It Will Shed More Than 10,000 Workers Next Year (Original post)
appalachiablue Dec 10 OP
msongs Dec 10 #1
William Seger Dec 10 #2
FSogol Dec 10 #3
Maxheader Dec 10 #4
LakeSuperiorView Dec 10 #5
Rural_Progressive Dec 10 #6
Yo_Mama_Been_Loggin Dec 10 #7
elmac Dec 10 #8

Response to appalachiablue (Original post)

Mon Dec 10, 2018, 06:12 PM

1. bet jacking up their fees is next nt

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 06:42 PM

2. Verizon is already profitable, but greedy

They've been shifting to outsourcing IT and software development to India for some time now, simply because it's cheaper, and now I hear that the group I used to work in will completely disappear with these layoffs.

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 06:47 PM

3. You know what is is called when Verizon lays off 10,000 workers?

December.

They do this every year.

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 06:59 PM

4. Gee, first gm and now verizon

Cheetox never factored in corp layoffs to improve the product line..

This is most unacceptable! Americun corps must remain stagnant!!
You know the doofus is thinking that too...

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 07:00 PM

5. Will Thomas be one of them? Please?

I don't care for one dimensional "socially awkward" characters. Thomas, Michael Cera, Flo and Jamie come to mind.

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 07:11 PM

6. You all might want to do a little research into this 5G network

It sounds like a disaster just waiting to happen and we have enough of those already.

It is designed to make possible the IoT (Internet of Things). There is some pretty scary research papers out there that discuss the effects chronic exposure to the wave lengths and strengths this network will deploy on living tissue. None of them are good.

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 07:59 PM

7. The Trump slump continues

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Response to appalachiablue (Original post)

Mon Dec 10, 2018, 08:10 PM

8. Another MAGA announcement

from a deregulation spawned monopoly.

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