Verizon’s job cuts will hurt jobs, students and families

Verizon said Monday that its human resources division will be cut about 50 percent from its workforce by the end of the year.The loss of workers will impact about 100,000 Verizon employees in the United States, Verizon said in a statement.The Verizon statement also said the job cuts are unrelated to the global economic downturn.Verizon’s…

Published by admin inAugust 20, 2021
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Verizon said Monday that its human resources division will be cut about 50 percent from its workforce by the end of the year.

The loss of workers will impact about 100,000 Verizon employees in the United States, Verizon said in a statement.

The Verizon statement also said the job cuts are unrelated to the global economic downturn.

Verizon’s statement comes as the company continues to shed workers amid the economic downturn, a trend that has slowed the number of jobs in the telecoms industry.

The company said that some of its workforce will continue to work at Verizon’s new headquarters in Atlanta, and that employees will still be able to take jobs at other Verizon facilities in the U.S. and overseas.

The job cuts affect Verizon employees who are in their late 20s and early 30s, Verizon’s statements said.

Verizon said that it has been reducing its workforce and hiring for a number of years and that the reduction in workforce will be “generally gradual” and that its employees are “well-trained and well-positioned to meet our customers needs.”

In December, Verizon laid off about a quarter of its 1,600 workers, and Verizon has also said it will lay off about 500 employees this year.

Verizon has said it has made changes to the way it hires, fires and redeploys employees, and has made cuts to its workforce as a result of the economic slowdown.

In May, Verizon announced a series of job cuts that it said would reduce the number and quality of jobs available for employees.