Thread regarding Verizon Communications Inc. layoffs

Sales and store employees won’t be affected

Verizon Communications Inc., the largest U.S. wireless carrier, informed employees Wednesday that its wireless operations will be reorganized and that there will be an unspecified number of job cuts. The company’s 20 regional offices will be reduced to six, Verizon spokesman Jim Gerace said Wednesday. He said some jobs will be eliminated though declined to say how many. Sales and store employees won’t be affected, he said. Verizon, which had a workforce of 177,900 as of the end of the third quarter, is seeking to cut costs as U.S. households give up their traditional home phones in favor of mobile technology. The company gets about 29 percent of its revenue from landlines, and is investing in wireless and Internet-delivered content. Last month Verizon introduced go90, a free mobile video service with shows aimed at teens. In 2000, landline operations accounted for 67 percent of revenue. http://www.bloomberg.com/news/articles/2015-10-28/verizon-to-reduce-number-of-regional-offices-cut-jobs

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| 423 views | | 2 replies (last October 28, 2015) | Reply
Post ID: @OP+EbGpKMe

2 replies (most recent on top)

Stores will not be affected there will be a hiring freeze for the first quarter is what I was told.

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Post ID: @APS+EbGpKMe

We'll see about this - they know they cannot disrupt stores right now as we go into the holiday season, expect layoffs and Verizon Store Closures in early Q1 2016

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Post ID: @wM6+EbGpKMe

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