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Verizon begins workforce cuts as part of large cost-reduction strategy
Verizon said it will lay off nearly 2,000 employees as part of a cost-cutting program designed to streamline operations and redirect savings toward 5G expansion and new technology investments. The reductions will affect multiple divisions, including corporate and engineering roles. Impacted employees will receive severance and transition support.
Verizon stated the restructuring is intended to maintain competitiveness and adapt to shifting telecom market demands and ongoing digital transformation pressures.
Companies:
- Verizon
Tags:
- verizon
- layoffs
neutral
Verizon begins workforce cuts as part of large cost-reduction strategy
Verizon said it will lay off nearly 2,000 employees as part of a cost-cutting program designed to streamline operations and redirect savings toward 5G expansion and new technology investments. The reductions will affect multiple divisions, including corporate and engineering roles. Impacted employees will receive severance and transition support.
Verizon stated the restructuring is intended to maintain competitiveness and adapt to shifting telecom market demands and ongoing digital transformation pressures.
Companies:
- Verizon
Tags:
- verizon
- layoffs
1 min read
69 words
Verizon is cutting about 2,000 jobs as it reallocates resources to 5G and technology upgrades, aiming to improve efficiency and strengthen long-term competitiveness.
Verizon said it will lay off nearly 2,000 employees as part of a cost-cutting program designed to streamline operations and redirect savings toward 5G expansion and new technology investments. The reductions will affect multiple divisions, including corporate and engineering roles. Impacted employees will receive severance and transition support.
Verizon stated the restructuring is intended to maintain competitiveness and adapt to shifting telecom market demands and ongoing digital transformation pressures.
Verizon said it will lay off nearly 2,000 employees as part of a cost-cutting program designed to streamline operations and redirect savings toward 5G expansion and new technology investments. The reductions will affect multiple divisions, including corporate and engineering roles. Impacted employees will receive severance and transition support.
Verizon stated the restructuring is intended to maintain competitiveness and adapt to shifting telecom market demands and ongoing digital transformation pressures.
Companies:
- Verizon
Tags:
- verizon
- layoffs
- verizon
- layoffs
- telecom
- jobs
- cost cutting