In a significant move towards modernization, Verizon Communications Inc. has announced a major workforce reduction as part of its strategy to integrate artificial intelligence into its operations. The source notes that this decision reflects the company's commitment to leveraging technology for improved efficiency.
Verizon Announces Job Cuts
On November 20, the telecommunications giant revealed plans to cut 13,000 jobs, which accounts for 13% of its total workforce. This decision is part of a broader initiative aimed at enhancing operational efficiency through the adoption of AI technologies.
Future Growth and AI Integration
While the layoffs will result in a substantial severance charge, Verizon is optimistic that these changes will ultimately position the company for future growth. The integration of AI is expected to streamline processes and improve service delivery, aligning with the company's long-term vision in an increasingly competitive market.
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