The job cut hit parade line just got 15,000 more members.
Verizon Looks to Slash Expenses
The Wall Street Journal reports Verizon to Cut About 15,000 Jobs
Verizon Communications VZ is planning to cut roughly 15,000 jobs, looking to reduce costs as it contends with increased competition for both wireless service and home internet customers, according to people familiar with the matter.
The cuts, the largest ever for the carrier, are set to take place in the next week, the people said. The majority of the reduction is expected to be made through layoffs.
Verizon also plans to transition about 200 stores into franchised operations, which will shift…
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