2024's brutal streak of tech layoffs continues to grow.
Verizon is Germanythe latest company to announce cuts, saying on Thursday that it expects to lose 4,800 employees by March, with about half of those leaving in September, per MarketWatch. The telecom giant also said it will charge up to $1.9 billion before taxes in severance pay. 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.
This year has been a vicious year for tech layoffs. Big companies like Twitch, Google, Microsoft, Sony, Amazon, and now Verizon have announced cuts in one form or another since January 1. Last month, Intel announced it would cut more than 15,000 employees.
As always, best wishes to those affected by Verizon's layoffs.
Topics Verizon
Best robot vacuum deal: Save $200 on Eufy X10 Pro Omni robot vacuum
Trump changes his mind, says Huawei can buy U.S. tech after all
Taiwan is one step closer to legalizing same
The hard truth about California's massive tree die
NYT Connections Sports Edition hints and answers for April 26: Tips to solve Connections #215
This musical remix of the UK news in 2016 is hilariously brutal
Lady Gaga tickets inspired the sweetest response from this grandpa
'The L Word' creator on the next generation of LGBTQ love on screen
We Test a $1,000 CPU From 2010 vs. Ryzen 3
Facebook and YouTube to fight sensational and misleading health claims
NYT Strands hints, answers for April 14
The best TV scenes of 2019 (so far)
Sony's new wireless earbuds will kill the noise around you
This musical remix of the UK news in 2016 is hilariously brutal
Asus VivoWatch 6 AERO measures blood pressure and ECG
Of course Mark Zuckerberg finished his year of running
Celebrities react to the death of Carrie Fisher on Twitter
Ridiculous Fox anchor to Teen Vogue writer: 'stick to the thigh
Things Intel Needs to Fix
Secret Santas: Inside the hidden online world of St. Nicks
'Barbie' and 'Oppenheimer' saved cinema, but at the cost of taking it seriouslyPoetry Rx: There Are Enough Ballrooms in You by Sarah KayThe Myths We Wear by Summer BrennanOne Word: Dipshit by Halle ButlerSamsung Galaxy Watch 6: Specs, release date, price, preorder detailsKISS reveals they'll continue to perform as virtual avatars'Where is my dad' is one of the better TikTok videos I've seenHow to find out your Spotify top 5 Taylor Swift erasA Poet’s Complaints Against Fiction by Anthony MadridStaff Picks: Peasants, Postpartum, and Palestine by The Paris ReviewCrashing W. S. Merwin’s Wedding by Edward HirschStable Doodle AI turns your scribbles into sketchesElon renames Twitter 'X' as the internet points and laughsThreads won't be getting chronological search resultsBest speaker deal: Get the JBL Partybox Encore Essential speaker for $179Meet Carrie Bradshaw's biggest criticMcDonald's viral Grimace shake TikTok trend actually boosted salesWhiting Awards 2019: Nadia OwusuStaff Picks: Features, Films, and Flicks by The Paris ReviewKISS reveals they'll continue to perform as virtual avatars Last good person in America Dolly Parton donates 100 millionth book Teachers say #ArmMeWith classroom resources instead of guns New AR game 'Ghostbusters World' is like Pokemon Go, but with ghosts Google shows off ARCore software with Barcelona stadium Snapchat lens 'Love, Simon' is the gay rom BMW's new smartphone car key means you better not lose your phone Kim Kardashian and Kanye West to face the KarJenners on 'Family Feud' To take on Amazon Alexa, Google announces new features for Assistant 'The Simpsons' predicted two wild Winter Olympics moments years ago 6 Gmail tips, tricks, and hacks to help you master your email 'A Wrinkle in Time' will be free for underprivileged children at select theaters ESRB to add loot box disclaimer in video game ratings Mark Hamill may just have tweeted his way into a 'Guardians of the Galaxy 3' role Apple reportedly releasing 'largest iPhone ever' this year Proxima Centauri's potentially habitable planet hit by a huge flare Neil Young blasts Google, Amazon, Facebook for undervaluing musicians Coal baron's defamation lawsuit against John Oliver has been dismissed Why the UK has set up a separate fund to further the Time's Up movement Yes, the rumors are true. Girl Scout Cookie coffee is now a part of this world. Stock images perpetuate the myth that women are weaker when they're on their period