Reported 27 days ago
Verizon Communications Inc. is set to incur a pre-tax charge of up to $1.9 billion in the third quarter due to 4,800 planned job cuts linked to a voluntary separation program. The largest U.S. mobile carrier announced that over half of the affected employees will leave by September, with the remainder exiting by March. This restructuring is part of broader initiatives to streamline operations, which also includes the potential sale of mobile-phone towers to generate cash.
Source: YAHOO