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Archive for the 'Verizon' Category

Verizon to axe 8,000 more jobs

Tuesday, September 15th, 2009

Verizon’s Chief Financial Officer John Killian is not sugarcoating what’s in store for the ILEC’s workforce: more job cuts are coming. During an investor conference late last week, Killian said additional employee reductions are necessary, but would not offer a specific timeline when these cuts would occur. Over the past year, Verizon laid off 8,000 workers with plans to cut another 8,000 in the second half of 2009.

Source: FierceTelecom.com

Posted in Services, Telecom, US, Verizon | 1 Comment »

Verizon 2Q profit falls, plans to cut 8,000 jobs

Monday, July 27th, 2009

Verizon Communications Inc. said Monday it will cut more than 8,000 employee and contractor jobs before the end of the year in the wireline business, speeding up its efforts to keep costs in line, according to chief financial officer John Killian.

Verizon ended the quarter with 235,000 employees, up from 229,000 a year ago, despite already cutting 8,000 jobs during the year. Contractor jobs are not included in those totals.

Source: GoogleNews, AP

~News submitted by upthecreek

Posted in H1B, IT, IT consulting, India, Services, Technology, Telecom, US, Verizon, outsourcing | No Comments »

Jobless phone calls cost California millions of dollars

Wednesday, February 18th, 2009

Millions of failed calls to the state’s unemployment insurance call centers are costing California taxpayers millions of real dollars.

The Employment Development Department pays 5 cents to Verizon each time a caller dials its toll-free numbers to file or get help with an unemployment insurance claim and EDD staff can’t handle the call. The message urges callers to file their claims through the department’s Web site.

That message service has cost taxpayers $4.9 million since the beginning of 2008.

Source: Sacramento Bee

Posted in California, FYI, Government, US, Verizon, labor department, unemployment | No Comments »

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