Verizon’s Severance Offer Goes to About 44,000 Employees

By Anonymous

More than a quarter of carrier’s workforce affected in effort to cut $10 billion in costs

Verizon Communications Inc.’s offer of voluntary severance packages last month was made to roughly 44,000 employees, or more than a quarter of the carrier’s workforce.

A spokesman for the company confirmed the scope of the offer, which was previously reported by The Wall Street Journal.

Verizon’s efforts to trim its workforce come as the...