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More layoffs to free up cash and keep up with innovations: Verizon says 10,000 employees have accepted its buyout offer ... Verizon first announced the restructuring earlier…

More layoffs to free up cash and keep up with innovations: Verizon says 10,000 employees have accepted its buyout offer ...

Verizon first announced the restructuring earlier this fall as part of a larger effort to trim workforce ahead of a push into 5G network service.

Part of eliminated jobs actually outsourced, by a good old business tradition: 

... Verizon confirmed that it offered a voluntary severance package (VSP) to about 44,000 employees and that it will transfer over 2,500 IT staff - some rumors suggest the figure to be closer to 5,000 employees - to India-based Infosys as part of a $700 million outsourcing deal.

In a similar recent case but different industry, General Motors cut thousands of jobs in a major restructuring aimed at generating cash to spend on innovation.

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End of year ... time for bonuses and dividends wink

at 12am on 12/11/2018

Outsourcing must be hindered or prohibited by law or using tariffs as business doesn't care about any social responsibilities otherwise ... 

at 11pm on 12/10/2018
More layoffs to free up cash and keep up with innovations: Verizon says 10,000 employees have accepted its…
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at 9pm on 12/10/2018