Verizon is parting ways with 10,400 employees in “a voluntary separation program,” despite the Trump administration providing a tax cut and various deregulatory changes that were supposed to increase investment in jobs and broadband networks. The cuts represent nearly 7% of Verizon’s workforce and were announced along with a $4.6 billion charge related to struggles in Verizon’s Yahoo/AOL business division, which it admits is a failure.
