Verizon Profit Drops 21 Percent, to Cut 8,000 Jobs

On Monday, telecom giant Verizon Communications Inc. announced that its second quarter earnings fell by 21 percent and that it plans to cut 8,000 jobs.
Verizon Profit Drops 21 Percent, to Cut 8,000 Jobs
People wait for service inside a Verizon store July 27, 2009 in New York City. Verizon Communications Inc., the second-largest U.S. telephone company, posted a 21% decline in its second-quarter net income today and announced it will cut 8,000 positions. Spencer Platt/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/89281051verizon.jpg" alt="People wait for service inside a Verizon store July 27, 2009 in New York City. Verizon Communications Inc., the second-largest U.S. telephone company, posted a 21% decline in its second-quarter net income today and announced it will cut 8,000 positions. (Spencer Platt/Getty Images)" title="People wait for service inside a Verizon store July 27, 2009 in New York City. Verizon Communications Inc., the second-largest U.S. telephone company, posted a 21% decline in its second-quarter net income today and announced it will cut 8,000 positions. (Spencer Platt/Getty Images)" width="320" class="size-medium wp-image-1827087"/></a>
People wait for service inside a Verizon store July 27, 2009 in New York City. Verizon Communications Inc., the second-largest U.S. telephone company, posted a 21% decline in its second-quarter net income today and announced it will cut 8,000 positions. (Spencer Platt/Getty Images)
Eyal Levinter
Eyal Levinter
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