Verizon aims to thin staff with buyout programme

first_img Author Diana Goovaerts Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Verizon ramped its cost-cutting effort, launching a voluntary buyout offer for thousands of management employees in an attempt to reduce its workforce, The Wall Street Journal (WSJ) reported.Employees have until mid-November to decide whether to accept the package, which includes three weeks’ worth of pay for each year of service with the company. Those who accept will exit between the end of this year and mid-2019, an operator representative told WSJ.The belt-tightening comes as part of a larger plan to cut $10 billion in costs by 2022.However, Verizon’s workforce has been dropping for some time, decreasing from 195,900 employees at end-June 2011 to 177,800 in June 2014. The operator shed more than 10,000 additional staffers over the past year, reducing its headcount from 163,400 at the end-June 2017 to 153,100 in June 2018.Verizon’s staff count lags behind that of rival AT&T, which employed 273,210 at the end of June. But the operator still employs nearly three-times as many workers as T-Mobile US and Sprint.The most recently available data showed T-Mobile recorded 51,000 full and part-time staff at end-2017, while Sprint had around 30,000 employees at end-March 2018. Subscribe to our daily newsletter Back Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 SEP 2018 headcount reduction costsVerizon Verizon shuffles executives Verizon sorts sensor supremo Amazon reels in MGM Tags Home Verizon aims to thin staff with buyout programme Previous ArticleInterview: BICSNext ArticleRenesas targets China with Alibaba IoT partnership last_img read more

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Letter To The Editor: Elated To Vote For Bernstein

first_imgBy JAMES RICKMANLos Alamos I’m pleased to share my elation after voting for Christine Bernstein for Los Alamos School Board, District 3.I think it’s fantastic that an actual educator is running for a seat on the local Board of Education. Both of my parents were teachers—and excellent ones at that, based on the recollections of their former pupils—and I remember them talking often about administrators and policy makers who knew little about the realities they faced, yet who held the purse strings and the power to make meaningful changes on behalf of students and educators.Electing a teacher to the board should provide some deeply needed pragmatism and legitimacy to discussions that affect the educational direction of our community. This is why I was pleased to vote for Christine Bernstein.I suppose one thing most people can agree upon during these deeply divided times is that the déjà vu politics of career politicians is doing nothing to improve the fabric of our society. Electing new voices to political bodies at all levels is the best chance we have for creating positive change to an imperfect system.As I was leaving the polling place, I realized one other neat fact: Christine Bernstein’s name rhymes with itself. I couldn’t think of anything that her opponent’s name rhymes with, except perhaps “trans fats,” which should be avoided. The universe sometimes gives us affirmation in strange ways. Please vote for Christine Bernstein for the Los Alamos School Board, District 3.last_img read more

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