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Verizon to cut about 15,000 jobs as it restructures under new CEO

The company’s largest-ever layoffs, affecting about 15% of its workforce, could take place as soon as next week.

Verizon is planning to cut about 15,000 jobs in the telecommunications company’s largest-ever layoffs as part of a restructuring under its new CEO, a person familiar with the matter told Reuters on Thursday.

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