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Verizon to cut 10,400 employees next year

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Verizon Communications Inc. is cutting 10,400 employees in 2019, the company announced.

Officials with the New York-based telecommunications corporation say 10,400 U.S. employees accepted a voluntary buyout.

The employees will receive up to 60 weeks of salary, bonus and benefits, depending on how long they've worked for Verizon.

Read more from the New York Business Journal.

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