Verizon is the latest tech company to announce cuts, expecting to lose 4,800 employees by March, with about half of those leaving in September.

As recently as February, Verizon reported it had 105,400 full-time employees, so about 4.5 percent of its headcount will be cut by the end of March.

It will result in a pre-tax write-off of as much as $1.9billion in severance pay during the third quarter.

The biggest US mobile carrier said it announced a voluntary separation program for some US-based management positions in June. Over half of the employees concerned will exit in September and the rest by the end of March, according to a securities filing.

As part of other continuing restructuring initiatives, Verizon said it plans to cease use of some real estate assets and exit non-strategic portions of certain businesses. As a result, the company expects to record pre-tax charges of $230million to $380million in the third quarter.

The news is the latest in a raft of tech sector layoffs that has so far seen more than 137,000 jobs lost globally in 2024 including big names such as Microsoft, Apple, IBM, Cisco, Dell, Intel and many others.

Economic conditions, including inflation and rising interest rates, are largely to blame. In June 2022, US inflation reached a 40-year peak of 9.1%, leading to increased costs for consumers and businesses.

Subsequent interest rises made borrowing more expensive and slowed economic growth, leading to decreased consumer demand and lower sales.

The aftermath of the COVID-19 pandemic saw tech companies aggressively expand, anticipating that demand for the tech services that resulted from WFH (work from home) would continue. They didn’t and as a result, many companies found themselves over-staffed.

这家公司我是太熟悉了：

1 这家公司的发家有兴趣的，自己去查查了，不想说。

2 裁的都是基层的

3 烙印已经掌控了不少部门

医疗保险很好，公司员工来源复杂（说是高科技，其实好多头儿连个技术也不懂）

4 企业文化，真不不怎样。心思复杂的人真不少。

5 在里面呆久了，废了

早走早超生

让哈哈哈全部外包去印度去。LOL

平均每人近40万，不错

这家我面试过，超级大雷

饭饭去哪儿 发表于 2024-09-18 16:05

这家我面试过，超级大雷

怎么雷？

dongxiexidu 发表于 2024-09-18 14:39

平均每人近40万，不错

正准备说，40万，这是几加1啊？

Jaelynleaf 发表于 2024-09-18 13:32

这家公司我是太熟悉了：

1 这家公司的发家有兴趣的，自己去查查了，不想说。

2 裁的都是基层的

3 烙印已经掌控了不少部门

医疗保险很好，公司员工来源复杂（说是高科技，其实好多头儿连个技术也不懂）

4 企业文化，真不不怎样。心思复杂的人真不少。

5 在里面呆久了，废了

早走早超生

他家前cto不是在别家公司也给人家干趴下了么。还给自己干出了一堆社会新闻 ，robinhood上看股票都能蹦出来的搞笑新闻，

什么把工作外包给印度，小意思。

Verizon啥时候是biggest US mobile carrier了？

电信公司都外包去印度了。最好美国部门全部关了算了，cloud也都基于这种公司的服务，颤抖吧。