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General

Verizon extends voluntary severance offer to 44,000 employees

Thursday 4 October 2018 | 09:18 CET | News
Verizon's voluntary severance offer first reported last month has gone out to around 44,000 employees, or more than a quarter of the carrier's workforce, the company confirmed to the Wall Street Journal. The severance packages will give Verizon "an opportunity to find more efficiencies in the size and scope of our V Team and help expedite the building of an innovative operating model for our future," CEO Hans Vestberg wrote in a memo sent to employees and seen by the paper.

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Categories: General
Companies: Infosys / Verizon
Countries: United States
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