Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure

A Verizon logo on a red background.

Enlarge (credit: Getty Images | Spencer Platt)

Verizon is parting ways with 10,400 employees in “a voluntary separation program,” despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly seven percent of Verizon’s workforce and were announced along with a $ 4.6 billion charge related to struggles in Verizon’s Yahoo/AOL business division.

» Top New Products

Your life for the better
cs_image_0

Learn  Meditation,  Attraction,  Esp  -  World's  #1Mind  Training  Program                                                                 

$9.98
Protect Your e-Books and Videos
cs_image_1

Protect  your  digital  contents  with  the  best  protection  software  on  the  market.                                           

$27.00
Trouble Spot Fat Loss
cs_image_2

Finally,  the  answer  to  losing  stubborn  fat  from  your  most  frustrating  trouble  spots                                 

$0.00
Money from google adsense
cs_image_3

learn  how  to  make  money  from  $8  to  $  800  per  month  using  google  adsense.                                                       

$7.00
Super Memory Formula
cs_image_4

Do  this  ONE  simple  technique  to  reverse  memory  loss  overnight.                                                                           

$69.00
How To Get A Job With No Experience
cs_image_5

Learn  how  to  get  hired  when  you  apply  for  jobs  without  experience.                                                                   

$27.00
College admission for Ivy
cs_image_6

College  Admission  Services  For  Ivy  League  Applicants.                                                                                             

$149.00
Candida Crusher
cs_image_7

Former  candia  sufferer    and    doctor  reveals  how  to  get  rid  of  your  yeast  infection                                   

$47.00
Pure Reiki Healing
cs_image_8

Become  A  Certified  Usui  Reiki  Healing  Master  With  The  Latest  Reiki  Certification  Program.                     

$47.00
Chakra Tree Of Life Necklace
cs_image_9

Get  your  FREE  Chakra  Tree  of  Life  Necklace                                                                                                                   

$0.00
How To Become A Jeweler
cs_image_10

Complete  Jewelry  Business  Startup  Guide  Written  By  Millionaire  Jeweler.                                                         

$199.00
Instant Empire 100% Install Service
cs_image_11

Download  Your  Profit-Pulling  ClickBank  Review  Sites  Every  Month  and  Make  Profit.                                       

$67.00

Verizon described the voluntary buyouts as well as ongoing Yahoo/AOL failures in a Securities and Exchange Commission filing on Tuesday. The buyouts affect “US-based management employees” in multiple business segments, not just Yahoo and AOL.

Here’s what Verizon says about its Yahoo/AOL problem:

Read 9 remaining paragraphs | Comments

Post Author: martin

Avatar
Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.