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Verizon Offers "Voluntary Severance" Packages to 44,000 Workers to Shed, Outsource Employees ·
Verizon Communications is on track to gradually cut up to a quarter of its workforce, and has now offered 44,000 employees “voluntary severance” packages, while also outsourcing many information technology jobs to India’s Infosys, Ltd., in a deal worth an estimated $700 million. The Wall Street Journal received confirmation from Verizon this afternoon the company is …