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Verizon to shed 10,400 jobs by mid-2019

December 26th, 2018 | Leave a comment.

Verizon Communications said that about 10,400 employees will be leaving the wireless carrier by the middle of next year as part of the company’s voluntary separation program. As part of the separation program, the employees will get a salary of up to 60 weeks, bonus and benefits, depending on the length of their service, Verizon […]

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GM slashing 14,700 jobs in North America; may close 5 factories

December 5th, 2018 | Leave a comment.

DETROIT — General Motors will lay off 14,700 factory and white-collar workers in North America and put five plants up for possible closure as it restructures to cut costs and focus more on autonomous and electric vehicles. The reduction includes 8,100 white-collar workers, some of whom will take buyouts and others who will be laid […]

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