Verizon Said to Plan to Cut About 1,000 Jobs Through Buyouts
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Verizon Communications Inc. is eliminating about 1,000 jobs through buyout offers to employees, according to a person with knowledge of the plan.
The largest U.S. wireless carrier intends to complete the job cuts by the end of the year as it consolidates some of its product teams, said the person, who asked not to be identified because the decision is private. The reduction would represent less than 1 percent of Verizon’s 178,500 employees as of Sept. 30, according to a regulatory filing.