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Business

Verizon to take about $2bn in charges for planned layoffs

Verizon Communications Inc expects to take charges of $1.8 billion to $2.1 billion in the current quarter for job cuts a

Dec 11 2018

Verizon Communications Inc expects to take charges of $1.8 billion to $2.1 billion in the current quarter for job cuts announced on Monday, the US wireless carrier said.

The company had said that about 10,400 employees will be leaving by the middle of the next year as part of the its voluntary separation program.

Copyright Reuters, 2018