The brutal wave of layoffs within the expertise sector in 2024 continues to extend.
Verizon is the newest firm to announce cuts, saying on Thursday that it expects to lose 4,800 workers by March, with about half of them leaving in September. Market statementThe telecommunications large additionally introduced that it could pay as much as $1.9 billion earlier than taxes in severance pay. Verizon reported in February that it had 105,400 full-time workers, which means that round 4.5 p.c of the workforce might be reduce by the tip of March.
Mashable Velocity of Mild
T-Cell, AT&T and Verizon have been all examined for velocity. Who gained?
This yr has been a hell of a yr for layoffs within the tech business. Main firms like Twitch, Google, Microsoft, Sony, Amazon, and now Verizon have introduced layoffs in a single kind or one other since January 1. Final month, Intel introduced it could lay off greater than 15,000 workers.
As all the time, we want everybody affected by the Verizon layoffs the most effective.
