Verizon Communications – To cut 1,000 jobs before year-end

Verizon Communications Inc. (VZ) is planning to cut about 1,000 jobs through buyout offers to employees in order to become more efficient, said people familiar with the matter.

The anonymous tippers further disclosed that the largest wireless carrier in the US has plans to enact these job cuts before the end of the year. The layoffs will amount to less than 1% of the company’s 178,500-strong employee base as of September 30, as per a regulatory filing.

Chosen excerpts by Job Market Monitor. Read the whole story at Verizon Communications Inc. (NYSE: VZ):News: Verizon Communications (VZ) To Cut 1,000 Jobs Before Year-End.