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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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