Tuesday, January 26, 2010

Verizon to Cut 13,000 Jobs, Posts Loss - WSJ.com

"The economy won't help us as much as we thought," said Chairman and Chief Executive Ivan Seidenberg, adding that he doesn't see a significant improvement until the end of the year. As a result, the company plans to shed another 13,000 jobs in 2010, roughly the same amount cut in each of the past two years. The latest represents 11.1% of its total work force of 117,000.


No comments:

Post a Comment