Verizon CEO Dan Schulman says company is cutting 13,000 jobs
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Verizon is reportedly seeking to raise $10 billion in corporate bonds to help fund its $20 billion acquisition of Frontier Communications. Bloomberg reported this week that Verizon is selling debt in the bond market as part of a five-part bond sale.
Reports of the Verizon layoffs now have a number attached to them. Around 15,000 jobs could be cut as early as next week under the new CEO.
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