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Talk of Job Cuts at Verizon

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U.S. telco will shed 1,000 staff by the end of the year, newswire claims. Verizon plans to shed around 1,000 staff, it was reported this week.

An unnamed source cited by Bloomberg said the U.S. telco will cut its workforce by making redundancy offers to staff.

Verizon responded to the newswire by saying that it is always looking for ways to make its business more efficient.

The source claims that Verizon will complete the cuts by the end of the year as part of a drive to consolidate some of its product teams. Original post at Tototal Telecom

Wahengbam Rorrkychand

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