Verizon to fire 13,000 employees in its largest-ever layoff round
Verizon has announced that it'll fire 13,000 employees in the US-based wireless carrier's largest-ever layoff round. Verizon's new CEO Dan Schulman said the firm will also significantly reduce outsourced and other outside labour expenses and close one store. Schulman said Verizon is establishing a $20-million career transition fund for laid-off employees to focus on "opportunities" in AI's age.