0
General

Verizon lets go of 10,400 employees under voluntary programme

Tuesday 11 December 2018 | 08:57 CET | News
Update: 11 December 2018 | 16:08 CET
Verizon Communications announced that about 10,400 employees have accepted to leave the company, under its voluntary redundancy and retirement offer. The company had 152,300 employees at the end of the third quarter. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[11/12/2018 16:08 - Update: Updates with details from SEC filing on financial impact.]


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Oath / Verizon / Verizon Communications
Countries: United States
::: add a comment
This article is part of dossier

5G


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Verizon revenues dip lower in Q2 on lower handset, wireline sales

Published 01 Aug 2019 14:51 CET | United States
Verizon reported a 0.4 percent fall in second-quarter revenues to USD 32.1 billion, hurt by lower handset sales and wireline ...

Verizon seeks buyer for Tumblr - report

Published 03 May 2019 10:03 CET | World
Verizon is seeking a buyer for blogging website Tumblr, as part of its efforts to improve results at its Verizon Media division, ...

Verizon raises FY outlook for adjusted EPS growth as cost savings boost bottom line

Published 23 Apr 2019 14:00 CET | United States
Verizon saw its wireless service revenue growth strengthen to 4.4 percent in the first quarter, helped by customers migrating to ...

Verizon forecasts modest revenue growth, flat earnings, higher capex in 2019

Published 29 Jan 2019 13:59 CET | United States
US operator Verizon reported revenues for 2018 up 3.8 percent and said it expects similar, low single-digit percentage growth in ...

Verizon lays off 7% of employees at Media Group

Published 24 Jan 2019 08:47 CET | United States
Verizon has laid off 7 percent of employees in its digital advertising business. A spokesman for the company confirmed to Cnet ...

Verizon Wireless reports strong Q4 with 1.2 mln postpaid customers added

Published 08 Jan 2019 18:12 CET | United States
Verizon Wireless said it had a strong finish to 2018, adding a net 1.2 million retail postpaid customers in the quarter. That ...

Verizon to take USD 4.6 bln impairment charge to write off Oath goodwill

Published 11 Dec 2018 16:32 CET | United States
Verizon announced that it will write off most of the remaining goodwill at its online advertising business Oath in the fourth ...

Verizon Communications reorganises into Consumer, Business, Media/Oath groups

Published 05 Nov 2018 15:32 CET | United States
Verizon has reorganised its operations into three customer-facing areas, in order to be ready for 5G. All three of the new ...

Verizon CEO Vestberg planning management overhaul - report

Published 11 Oct 2018 10:44 CET | United States
Hans Vestberg is looking to transform the management of Verizon, after taking over as CEO in August, Bloomberg reports. The ...

Verizon extends voluntary severance offer to 44,000 employees

Published 04 Oct 2018 09:18 CET | United States
Verizon's voluntary severance offer first reported last month has gone out to around 44,000 employees, or more than a quarter of ...

Verizon starts early retirement offer

Published 26 Sep 2018 09:54 CET | United States
Verizon has offered early-retirement packages to thousands of employees, the Wall Street Journal reports. The voluntary severance ...

Armstrong leaves Oath, Gowrappan to take over as CEO

Published 13 Sep 2018 09:33 CET | United States
With the integration of AOL/Yahoo operations and ad tech platforms nearing completion under Armstrong's direction, Gowrappan will ...

Verizon names acting CTO as Vestberg prepares move to CEO

Published 13 Jul 2018 13:58 CET | United States
Verizon has named Kyle Malady its acting CTO, Light Reading reported. Malady will succeed Hans Vestberg, who will take the helm ...

Verizon names Vestberg as successor to CEO McAdam

Published 08 Jun 2018 14:27 CET | United States
Verizon Communications has announced the appointment of a new CEO from 1 August. Hans Vestberg, currently head of Global Networks ...





Calendar   /   Industry Events

25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug MNF Group FY results
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug Connected Health Summit
29 Aug Dell Technologies fiscal Q2
29 Aug SeaChange fiscal Q2
29 Aug Bouygues Telecom Q2 2019
29 Aug Marvell Technology fiscal Q2
29 Aug Cyfrowy Polsat Q2 2019
29 Aug Tech Data fiscal Q2
29 Aug Axiata Q2 2019
29 Aug Tele Columbus AGM
30 Aug 5G Leadership Summit 2019
30 Aug Telekom Slovenije AGM
::: More Calendar Items