Verizon says to shed 10,400 jobs by mid next year

As part of the separation program, the employees will get a salary of up to 60 weeks, bonus and benefits, depending on the length of their service, Verizon said. "This program coincides with Verizon's recently announced realigned organization structure designed to optimize growth opportunities in the 5G era," the company said. The company said it had 152,300 employees at the end of the third-quarter ending Sept. 30.

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