Verizon to Take Up to $1.9 Billion Charge for Job Cuts and Network Shifts
Verizon Communications announced it expects to record a severance charge between $1.7 billion and $1.9 billion in the third quarter. This follows a voluntary separation program that will see roughly 4,800 employees leave the company by next year. Additionally, Verizon will record asset impairment charges of up to $470 million as it ceases the use of certain real estate and copper network assets. These moves are part of a broader effort to streamline its workforce and modernize its infrastructure.
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Intel Reaches 52-Week High of $140: An Analysis of Buy, Sell, or Hold Ratings
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