Wednesday, June 19, 2013

Latest local news, weather and high school sports for Toledo area

Verizon to cut 13,000 employees
Posted: 01.27.2010 at 7:17 AM
0

Verizon Communications plans to cut another 13,000 jobs this year.

The company cut 13,000 jobs from its landline business in 2008 and another 13,000 in 2009.

Verizon had nearly 223,000 employees at the end of last year.

A company spokesman says the layoffs will not be specific to any one geographic area.

Verizon posted a fourth quarter loss of $653 million, or 23 cents per share.

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