Verizon reported yesterday that 10,000 of its employees, about seven percent of its workforce, have accepted its buyout offer, according to USA Today.
The buyout program had been announced in September and was offered to 44,000 employees which the carrier justified by saying it was a cost-cutting move to prepare for the rollout of 5G nationwide. Employees got up to 60 weeks of salary, depending on their time with the company, bonuses and benefits included. June 2019 will be the final date for employment for those affected, although some may terminate earlier.
Verizon says the move should have no effect on customers. Comments? Email Us.
December 11, 2018