Verizon Cuts More Than 10,000 Workers to Double Down on 5G

The buyouts are part of an ongoing reorganization

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Several thousand Verizon employees have accepted buyout offers as the nation’s largest carrier continues to retool its operations around a massive investment in the next generation of wireless service.

The company said on Monday that 10,400 workers—nearly 7 percent of its workforce—have agreed to leave by the middle of next year as part of a voluntary separation program meant to shore up cash for 5G investment. The job cuts come as Verizon is shifting its strategy away from digital media ambitions towards a full-bore focus on the 5G arms race.




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