Verizon’s 5G aspirations lead to over 10,000 voluntary resignations
In light of its 5G aspirations, Verizon announced approximately 10,400 of its employees voluntarily resigned as part of its "realigned organization structure." The cost-cutting program should help Verizon retool for its 5G technology. The realignment is a four-year, $10 billion cost-cutting program that also includes scaled-back media and advertising ambitions.